FX.co ★ autumn16 | Analisa Pasar USDJPY

Hello traders! When considering the daily movement of the USD/JPY currency pair, it is worth noting that the pair is trading not far from the global maximum of 162.00. In theory, at any moment, it could drop down, especially if the Bank of Japan intervenes to support its national currency. However, if this does not happen, I believe that nothing will stop the bulls from updating the mentioned global maximum. Therefore, for now, I am in favor of such growth. Regarding the current situation, it is important to mention that over the weekend, the USD/JPY pair remains within an upward trend with an open daily bullish candle, attempting to break above the main resistance at Murray 8/8 level at 159.38. The next stage of growth is expected to involve an attempt to enter and consolidate within the 160 level, above the Murray + 1/8 level at 160.16.