USDJPY, monthly chart

The chart on the right (click on to get it bigger) shows the pair USD/JPY, where each candle represents one month. As we can appreciate, we are somehow rebounding on a smooth floor. The possible targets are the two horizontal lines. After that, we cannot be sure if it´s going to decline or climb. We will analyze again when we reach these levels.

We haven´t seen any clear intervention from the BoJ. Perhaps it won´t be needed so far.