USD/JPY Maintains Bearish Trend Ahead of CPI Release

USD/JPY Maintains Bearish Trend Ahead of CPI Release

The overall trend remains bearish as long as the price stays below 142.100, with downside targets at 140.300 and potentially 138.470. A corrective move toward the pivot line at 142.100 is possible before the bearish trend resumes. However, if the price stabilizes above 142.100 with a 4-hour candle close, a bullish move could extend toward 143.680.

In general, if the CPI is released as expected around 2.5%, this would support a bearish trend for USD/JPY.

• Key Levels:
  Pivot Line: 142.100
  Resistance Levels: 143.680, 145.038
  Support Levels: 140.300, 138.460
  
  
• Expected Range: 142.100 - 138.460
  
  
• Trend: Bearish while below 142.100.