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The USD/JPY pair is correcting around 148.84.

Despite the regular currency intervention on Friday, the yen remains close to its lows. Like last time, the government of the Bank of Japan refused to comment on the measures taken but judging by the volume and time of the operation, the intervention was carried out in the same volume as on September 22. The regulator noted that it is monitoring the situation on the market and will continue to prevent further depreciation of the national currency with its actions. The first such transaction occurred at 145 yen per dollar, and now it is happening at 150 yen per dollar: it is clear that the department has chosen a step of 5 yen, and 155 yen may be the next level of intervention.

The US dollar is held around 112.000 in the USD Index. Investors are disappointed with yesterday's data on business activity indicators: the value in the manufacturing sector in October amounted to 49.9 points instead of 52.0 points a month earlier, and in the service sector, it fell to 46.6 points from 49.3 points in September, which indicates a continued slowdown in US economic activity.

The trading instrument is moving within the global uptrend, keeping close to the key decision level at 150.00.

Technical indicators maintain a stable buy signal that may continue to strengthen: fast EMAs on the Alligator indicator are holding above the signal line, and the AO oscillator histogram is trading well above the transition level.

Resistance levels: 150.00, 152.50. | Support levels: 147.80, 145.30.