FX.co ★ USD/JPY

Buyers in the USDJPY pair are not giving up; yesterday they were pushed down a bit, but nothing critical, the plan for growth toward the highs remains valid. They still managed to move above 159.40, so the rise can continue to 160.15 and 160.95. After consolidating above 160.95, it will be possible to move to 161.70 and 162.50, and then the path will open to 163.30 and 164.05. Of course, it’s unlikely they’ll manage to carry out this plan within this week, but the prospects are good, we can wait. Ideally, buyers should be helped by news, but so far there’s no particular positive for the US dollar. Pullbacks are possible, and in yen pairs they can be large-scale, but I see them as an opportunity to enter long positions at a better price.