USD/JPY is moving towards a line of 157.3940 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/JPY continues in its current trajectory, we may see it move towards 157.3940 within the next 15 hours.
USD/JPY likely to test 157.3940 in the near future. Where to next?
