@GraceKing on USDJPY | PriceONN Community
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Reviewing the USDJPY chart this evening, it's clear the market is currently in a neutral phase, hovering around the 159.60 level. The RSI is elevated at 69.2, suggesting some bullish momentum, but it's not yet overbought. We will be watching the upcoming US CPI data closely; a higher-than-expected reading could certainly fuel further upside for the pair, potentially pushing it towards the R1 pivot at 159.517. Conversely, a disappointing figure might see it retreat.