FX.co ★ USD/JPY

Analyzing the current four-hour situation in the movement of the USD/JPY currency pair quotes, it is natural not to overlook the latest candle marked on both sides by the "Zigzag" indicator and having a significant range. However, this should not scare anyone, as it is a news-driven and speculative movement caused by the Bank of Japan's decision to keep the rate at the same level of 0.75% and the subsequent comments from the press conference. But since the interest rate has not changed and the Bank of Japan is not taking any real steps to strengthen the yen, I believe this, overall, will not affect the future movement of quotes of this currency pair to the north. Moreover, we already see that the bulls are opening their four-hour candle and trading the USD/JPY pair near the resistance at 158.15 with the support of the advisor installed on my four-hour chart. So, as soon as the market turmoil subsides, I expect a gradual increase in the quotes of the US dollar against the Japanese yen towards a retest of the round level - 159.00, as previously intended, followed by its breakthrough and the development of an ascending four-hour trend.