The breakout of USD/JPY through the 157.1570 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/JPY could test 157.5221 within the next 14 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
USD/JPY is currently testing a level of 157.1570. Will the breakout continue or will things reverse?
