Dukascopy Analytics already wrote in the Trading Idea published on Wednesday that the USD/JPY currency exchange rate, after massively surging on Tuesday and Wednesday, was set to decline or trade sideways.
On Thursday morning it was clear that both had occurred. The rate declined and began to trade sideways.
In regards to the future, it can be observed that a medium scale, rather long term ascending pattern is set to reveal itself in the future. Meanwhile, in the near term future, the direction is unclear, as the rate is squeezed in between levels of significance.
