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USDJPY. The Japanese yen has once again updated its highs while the Bank of Japan remains inactive, which is understandable, since currency interventions are costly and have a very short-term effect; what’s needed here are concrete measures like a rate hike. Most likely, until the rate is raised, pressure on the yen will persist and the pair will tend toward the target of 163.66 within the current daily wave. However, it looks like the downside correction is not over yet, since Friday’s close was slightly below the bearish DKZ 1/4 at 161.38–161.52. For this reason, we clearly won’t go for any new high on Monday; such a close by the Americans is also not suitable for further downside development. For the uptrend to continue, we need to consolidate above the bullish DKZ 1/4 at 161.87–162.02; if they manage to do this at the beginning of the week, then we will most likely get a new high as well.