The USD/JPY pair is trading below the day's opening level of 143.20 and near the daily Pivot level of 142.82. Key indicators show bullish momentum and the price is trading above the 72-period Moving Average trend line, where volume distribution usually occurs. Above the 142.82 level, the price will move towards the 143.20 level and potentially to the 143.99 level. Below the 142.82 level, the pair will continue its descent towards the 142.59 level and possibly to the 141.80 level. USD/JPY is trading below the monthly Pivot level of 149.26, above the weekly Pivot level of 142.59, and near the daily Pivot level, indicating a corrective sentiment for the pair. The pivotal point for this session is the daily Pivot level of 142.82.
