FX.co ★ remington.kihn | USD/JPY

Certainly, nothing has really changed for us in the yen pair as we continued to grow confidently. Personally, I did not expect to exceed nearly 300 pips today. The growth has been tiresome for a while now, but it is still unclear when and where it will stop. On one hand, the yen itself remains very weak. Moreover, with the weak rhetoric from the Bank of Japan, the fall is becoming even more intense. We are already trading above 157.75 and the pressure in the north direction is not decreasing. On the other hand, we received positive indices from the states, which also supports the dollar. In general, things are not easy for me, but I still do not consider buying at these prices. Although I believe we will climb above 158, I will be looking for signals to sell there, but so far there are no signals for that.