The yen is strengthened due to the intervention

The yen is strengthening due to the intervention of the central bank of Japan

Looking at the trend in the four-hour time frame, USD/JPY enjoys the resistance of the descending channel ceiling in the range of 154.82-154.12, and thus, the scenario is strengthened that USD/JPY reaches the support of the channel floor in the 261.8 Fibo zone. percentage in the number of 149.02 to reduce the price.