The breakout of USD/JPY through the 156.5630 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 157.7034 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
USD/JPY is currently testing a level of 156.5630. Will the breakout continue or will things reverse?
