FX.co ★ remington.kihn | USD/JPY

When it comes to the USDJPY pair, things are very interesting here, because this week they also continued to decline, updated local lows, and thus worked out a significant short initiative. Of course, it should be noted that this week the Bank of Japan also intervened in the market, maintaining the short initiative. It is also worth noting that we failed to consolidate above 157.50, as the yen strengthened there. However, afterwards, we only grew or pulled back. And this is despite the fact that the dollar was mostly under pressure, but it is important how the dollar will trade further, because we have inflation in the United States. In any case, I will still focus on the latest short initiative. Therefore, if we climb back above 157.50, I will sell there, but only with a stop loss.