FX.co ★ remington.kihn | USD/JPY

Hello. On the four-hour chart of the USD/JPY currency pair, quotes are trading within the framework of a medium-term uptrend, and at the moment, the pair is in the area of active buying, consolidating above the rising 14-period moving average line, as well as both bands of the rising trend indicator "2 EMA Color Alerts". On Friday, we saw additional acceleration in the growth of this currency pair, on positive data for the dollar "NonFarm Payrolls", which was reflected in the bulls breaking through the round level of 160.00 and the USD/JPY price rising to the level of 160.33, where quotes are fixed for the weekend. At the same time, the pair has practically entered the zone where the Bank of Japan may react at any moment to the bulls' attempts to push the price higher, as was the case at the end of April. Therefore, starting from the current positions and with a perspective up to the April maximum of 160.70, one can expect the Bank of Japan to take measures aimed at strengthening the national currency at any moment. Therefore, buying the pair in the near future is definitely not worth it, but selling is just right, if, of course, Monday's trading does not open with a strong move to the south.