FX.co ★ remington.kihn | USD/JPY

Japan is strengthening its currency warnings, resuming verbal attacks. However, the market has already become accustomed to these air fluctuations, and if officials do not move from rhetoric to actions, verbal interventions will not be enough to ensure sustainable growth of the yen. Investors take the intentions of the Japanese Prime Minister to dissolve the lower house of parliament seriously, which is not beneficial for the Japanese currency. Therefore, the new upward surge of the USD/JPY pair looks quite justified. After updating the maximum, the bulls are heading towards the resistance level at 159.36 (Murray 6.8). The support is at the level of 157.82 (Murray 5.8).