The USD/JPY pair continues to grow within a medium-term downward channel, stabilizing near 159.00 amid uncertainty regarding monetary factors.

Against the negative dynamics of the American currency, the USD/JPY pair is correcting in an upward trend, trading at the level of 158.15 and returning to the average price level of 160.00 this year.

The price is in a correction, and the probability of a decline remains.

On the daily chart, the fifth wave of the higher degree 5 is developing, within which the ascending first wave of the lower degree (1) of 5 has completed, and a correction is forming as the second wave (2) of 5. Currently, wave A of (2) is forming, within which the third wave of the lower degree iii of A has formed, and a correction as the fourth wave iv of A is completing. If the assumption is correct, after its end, the USD/JPY pair will decline to the area of 152.00–149.00. The critical stop loss level for this scenario is 160.30.