FX.co ★ remington.kihn | USD/JPY

The US dollar continues to actively decline across the market, and specifically in the USD/JPY currency pair, there is information about the possibility of the Bank of Japan conducting currency interventions in the market. It is possible that they have already done so, as we have seen a significant gap to the downside since the opening of trading, and currently the USD/JPY pair is trying to break below the 154 level and reach the support at 153.70. If this information is confirmed, the decline could be even greater, possibly from current levels. Even if the USD/JPY price briefly bounces up, I believe it won't go higher than the resistance at 154.45 before returning to a downtrend. Where it will stop then is unclear at the moment.