FX.co ★ remington.kihn | USD/JPY

Hello traders, something strange is still happening with the USDJPY pair. Sellers were allowed to reach almost 152.00, but did not consolidate below and headed towards 154.70. If buyers manage to hold above 154.70, then the growth could continue towards 155.50 and 156.25. For the yen, covering such a distance is not a problem at all, especially with the help of news, they could fly through it in an hour. However, the fact that the US dollar is still inclined to decline is concerning, so they could continue moving south right from current levels, with sellers' targets at 153.90, 153.15, and 152.35-152.00.