USD/JPY Price Analysis: Bulls and bears battle it out in the broadening formation USDJPY Currencies Technical Analysis
signaling that the central bank may end its yield curve control policy and start shrinking its balance sheet.
The dollar remained rangebound as traders awaited U.S. debt ceiling talks and a closely-watched US inflation data due on Wednesday.The bulls are running into a potential resistance area on the chart and if the bears commit, then there could be a freefall into the lows of the broadening range. 134.95 could be key in this regard. A break of there opens the risk of a move into 134.70 and the longer-term trendline support area that guards 134.25 mand 133.88 to the downside. A break of 135.
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