The USDJPY price rallied upwards clearly yesterday to surpass 157.00 barrier and settle above it, to hint stopping the correctional bearish scenario suggested in our last report and head to resume the main bullish trend, on its way to test the recently recorded high at 157.92 initially, noting that breaching this level will push the price to visit 160.00 barrier on the near term basis.
Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 156.70 and holding below it.
The expected trading range for today is between 156.50 support and 158.00 resistance
Trend forecast: Bullish
Origin: Economies
