The 147.50 - 150.00 range

which we wrote about at the beginning of the month, acted as a good support zone for the USD/JPY pair and became the starting point for a full-fledged growth wave.

Core inflation in the Japanese capital

accelerated in December, while service inflation remained stable, data showed on Friday, supporting market expectations for an interest rate hike in the near future. However, this has not helped the yen so far, which continues to remain at lows against the US dollar. The nearest significant resistance, if the pair continues to rise, may be met by the market closer to the value of 160 yen per dollar.