USD/JPY has broken through a line of 144.6570 and suggests a possible movement to 145.3306 within the next 11 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
If you’re short USD/JPY you should be aware that 144.6570 has just been breached – a level tested 6 time in the past
