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USD/JPY Extends Its Bearish Journey

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Hello, traders! What are your thoughts on USD/JPY?

The pair continues its prolonged bearish trajectory, currently hovering around 149.411. The weakness and instability of the US dollar have failed to provide support, making USD/JPY even more lackluster compared to its currency counterparts.

From a technical perspective, the bearish momentum has intensified as the previous ascending channel was broken by sellers. A deeper decline is expected, with key downside targets outlined in my analysis.

What about you? Are you anticipating further declines in USD/JPY? Let me know your thoughts!
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Feragatname

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