Article details
The USD/JPY currency pair experienced a significant downturn after reversing from the 160.40 resistance zone, sliding by over 500 pips. Technical analysis on the 4-hour chart indicates the potential formation of a bearish continuation pattern, with immediate resistance holding near 154.80. Market participants are closely monitoring upcoming US Consumer Price Index (CPI) data to gauge whether inflationary pressures will spur further selling in the pair.
