US Dollar vs Japanese Yen Technical Analysis
The US Dollar saw a slight pullback in trading on Monday before regaining strength. The 160 yen level is a significant point where the Bank of Japan had intervened in the past. It is possible that we may break through this level, although there could be a short-term dip before that happens.
I am not interested in shorting the market, but if there is a breakdown, I would consider buying at 158 yen, the 50-day EMA, or the 155 yen level. On the other hand, if we can close above 160 yen, I would consider buying and holding this pair once again.