USD/JPY Price Analysis: Bears make a move into longs as CPI rolls in USDJPY Technical Analysis
The bears eye a break below 134.50 for the day ahead.
has also been released today but has done little to through the bears off their tracks as they move into longs that have been building over several days.USD/JPY is being capped at what could be the top of an impressive run of late that has lasted over the course of 2023 so far. On a break of 134.50, the bears will be keen on a test to 133.70 and will then eye 132.90. From an hourly perspective, the price needs to get below the 134.50 structure to open 132.90 and 133.
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