FX.co ★ remington.kihn | USD/JPY

USDJPY TF H4 US President Donald Trump stated that the US is delivering “very strong” strikes on Iran. With an empty calendar for the dollar and yen, the escalation of the conflict will be the driving factor for a moderate rise of the dollar as a safe-haven asset. Unless the Bank of Japan intervenes, of course. It looks very suspicious around the 162.60 level in recent sessions – the pair is not being allowed higher. Otherwise, it’s the same triangle range, and it has formed and is ready for a breakout. The path of least resistance is along the daily trend toward 162.80.