FX.co ★ remington.kihn | USD/JPY

The US dollar is weakening after the opening, but buyers in the USDJPY pair managed to move upwards. Bulls were able to rise above 160.15, approached 160.25, but did not go further, while sellers are trying to take the initiative. The price was brought back below 160.15, which means sellers may push down to 159.95, and if this level is overcome, then a decline to 159.75 can be expected - a rebound is possible here. If bears manage to establish below 159.75, then a descent of USDJPY to 159.55 will become real, and after overcoming this level downwards, they may advance to 159.40 and 159.20, and further on, it will be necessary to observe the situation. In case of a decline, it will be necessary to wait if bulls return above 160.15, then an increase to 160.25 and 160.35 can be expected. After consolidating above 160.35, an upward movement towards 160.55-160.75 will be possible. It is too early to predict further, there will be news tomorrow, and they may make adjustments to the movement of yen pairs.