This week's price action have shown that the resistance of 144.5 is strong enough, chart patterns are a top-tested and a wedge(started to break down). The USDJPY pair is much of a short now.
Nota
Fundamentally the chart reflects data-driven weakening of the dollar and data-driven strengthening of the yen.
Nota
Noteworthy is that according to researches of BNP Paribas, NatWest, Danske, CIBC, Goldman Sachs, BoA, Standard Bank, J.P. Morgan and Barclays USDJPY is short medium-term.
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