FX.co ★ USD/JPY

Sellers in the USDJPY currency pair are trying to initiate a decline, but they are not able to implement anything serious yet. Well, Friday often changes the mood of currencies and brings surprises, maybe we will see something interesting tonight. If sellers manage to stay below 161.50, then they will have the opportunity to continue the decline to 161.35 and 161.15, and if these levels can be overcome, then it will be possible to move down to 160.95, 160.75, and 160.55. If not a full decline, then at least a good pullback is needed, so the target of 160.55 looks quite realistic. Options for downward movement will have to be postponed in case buyers continue to rise and establish themselves above 161.90-162.10. After consolidating above 162.10, the rise in USDJPY could continue to 162.50, 162.90, and 163.30.