USD/JPY: Battling at the Top of the Triangle

Imported headline
USD/JPY: Battling at the Top of the Triangle

Source
Action Forex - https://www.actionforex.com/contributors/technical-analysis/647542-usd-jpy-battling-at-the-top-of-the-triangle/

Summary
On 3 July, Japan's Finance Minister, Satsuki Katayama, stated that the Ministry of Finance remains in close contact with US authorities regarding developments in USD/JPY as the yen traded near its weakest level in almost 40 years. Similar verbal warnings have become increasingly common whenever the pair approaches the 162.00 area, although no direct intervention has been announced so far.