The pressure on the US dollar remains, allowing sellers in the USDJPY pair to continue the decline. Although the downward movement is slow and not very active, it is still ongoing. News that can strengthen the dollar is needed for a reversal to the north, and until then, the decline is likely to continue. If sellers manage to hold below 144.00, it will confirm the bearish sentiment, and we may see a decline to 143.35 and 142.35 - there is a chance of a rebound here and a move upwards, but it will depend on the actual price action. If by some miracle buyers of USDJPY can start an upward movement from current levels, confirmation will be needed by first surpassing 145.00. However, this will only be the initial prerequisite. After consolidating above 145.00, we may see a continuation of the uptrend towards 145.50, and then 146.00. A consolidation above 146.00 would be a more serious signal for a reversal, potentially leading to an increase in the USDJPY price to 148.50-148.70, or even higher, but positive news for the US dollar is required.
