FX.co ★ USD/JPY

USDJPY daily time frame. We continue to form a corrective wave to the north. Yesterday’s trading day showed that the bulls are still not ready to dump the dollar in the 159.00 area. The pullback in the first half of the day to 158.80 was again quickly bought up and the monthly high at 159.59 was renewed. The scenario that this pressure will push the price toward the psychological level of 160.00 has been confirmed again. Most likely the pair will be reversed there.