The USD/JPY is almost flat amidst a calmed North American session ahead of July’s US inflation report, which could shed light on further Federal Reserve tightening in the September meeting. At the time of writing, the USD/JPY is trading at 135.12, slightly up 0.14%. The USD/JPY daily chart portrays the pair as neutral-to-upward biased. In the last couple of days, the pair’s price action faced solid resistance around the 135.50 area, putting a lid on the USD/JPY, while the Relative Strength Index (RSI) at 50.32 sideways illustrates the consolidation in the pair. If the USD/JPY breaks above 135.50, the next resistance ... (full story)