The surplus of dollar liquidity in the financial system is still high, which has a negative influence on the value of the dollar. On the one hand, it is advisable to use the growth of quotes in this currency pair to open Sell positions.

On the other hand, we must not forget that USDJPY is historically correlated with the American stock index #SP500, which in turn can provide good support for the currency pair in the 108.80/109.00 area, inasmuch as the uptrend in the stock market is still strong and there is no reason to change the trend now.

Trading recommendation: flat 108.80-109.75.