[USD/JPY] JPY might eyeing 137 mark per USD

FED cut rate, BOJ raise rate, Yen carry trade unwind......

Plenty of naratives that can suit whatever the price action is, so let's take a look what the price tells us. It's breaking down the channel, and based on such, it might want to go to 137-ish.

As any price journey, the price might decide to rebound...if it does, the lower boundary of the channel at 150-151 will act as resistance.

Cherio...