FX.co ★ remington.kihn | USD/JPY

Pair USDJPY. Today there are all the prospects for an upcoming movement to the north. The current situation is not the simplest, but I am more inclined towards a northward movement up to the level of 147.22. I believe that the upward path is open and has a higher probability than a southward movement. But of course, one should be prepared for anything, and the price may indeed make a slight pullback downwards before heading in our direction. Today there are various news events, which means that theoretically they can influence our currency pair. Let's assess whether they can have an impact: For the US dollar, there are many different events, but as usual, I will highlight only the most important ones: Trade Balance (Mar), Retail Inventories excluding Autos (Mar), CB Consumer Confidence Index (Apr), Job Openings and Labor Turnover Survey (JOLTS) (Mar). For JPY, there is nothing, not even any weak news, so we will only consider market technical analysis. There are news events marked with 3 stars and news with 2 stars at the top. Most likely, this will lead to increased market volatility. Therefore, let's prepare for any situation.