USDJPY – The price may start to decline

08.06.2022

After updating the highs, there is no reaction from the Japanese yen. The price continues to grow and further without making strong rollback movements. However, buyers are unlikely to be able to continue moving at this rather energy-intensive pace for a long time.

Already during today’s trading day, the beginning of a decline is expected, which may later develop into a deep correction due to the development of wave iv.

Recommendations: Consider the possibility of making deals to sell below the value of 133.00.