FX.co ★ USD/JPY

It is worth noting that nothing much has been changing in the USDJPY pair for quite a long time, because the main move is still an uptrend. But I’d like to point out right away that for me there are no clear nearby targets in either direction anymore. Last week there were some great pullback attempts that played out even before NFP. But that didn’t help either, because almost the entire drop was bought back very quickly. Of course, today volatility is low and again there were attempts to move down. But once more almost everything has been bought back and we are pressing against 162, which indicates weakness of the yen itself. However, I still do not consider buying from these levels. But I assume that we can climb not only above 162.50, but also 162.85. Though there I will again be looking closely at selling.