USDJPY 1-Hour Chart
Blue lines dominating, indicating some shift in risk to the downside or more of a two-sided market after another failure to take out 150.89
However, price action remains contained while within 149.53 and 150.89 where 150 should continue to set the bias
Supports on either side of 150: 149.93-150.01-150.12
150.54 needs to hold on top to keep the focus on 150 and away from 150.84-89
Why did USDJPY fall today?
Technicians will cite another failed run at 150.89 and market positioning that is heavily short JPY, both vs. the USD and on its crosses
Those who say news matters will cite the release of a smaller-than-expected fall in annual Japanese inflation in a market that is hypersensitive to any data that might prompt the BoJ to raise interest rates.,