If the company stays above the 50-day EMA, it is expected to continue to see many buyers.
USD/JPY rallied quite sharply in Friday's trading session and continued to show signs of strength again.
The market, which has been on a downtrend for a while, is thus expected to continue to see this type of movement.
It is also worth noting that it is located just below the 50-Day EMA and acts somewhat as a trend line.
Forecast For USD/JPY: Rebounds Against JPY
The following market breakout could open the possibility of testing something like the ¥142.50 level later, an area that has been considered important many times.