FX.co ★ USD/JPY

Hello traders, It is worth noting that there haven't been any significant changes in the USDJPY pair, as we continue to trade within the same range. Yesterday, the prices mostly rose, and overall, we still have an upward movement as the main trend. However, I don't see any clear immediate targets to the upside. The local area around 154.90 remains relevant, so I do not exclude the possibility of a further decline. The upcoming week is expected to be lively and volatile due to the US inflation data on Tuesday and the Bank of Japan meeting at the end of the week. For now, I am considering a potential move below 154.90. If the price does not hold above that level, I will consider buying.