The situation with the USDJPY pair remains very interesting. This week, the Bank of Japan intervened in the market. After a serious decline, we tried to grow or pull back and even climbed back above 157.50. However, it seems that these prices no longer satisfy the Bank of Japan. Therefore, an intervention was carried out, the yen strengthened again, and we saw another decline in the pair. We have already worked out a significant short initiative, once again updating the lows. However, we did not stay there for long, immediately starting to grow or pull back, and we may climb even higher. Personally, I still see a southern direction and will focus on the latest short initiative. If we manage to climb back above 157.55, I will sell there, but only with a stop loss.
