The Japanese yen has been trading within a 5.6% range since the start of the year with USD/JPY responding to long-term uptrend support last month. The stage is set, and the levels are clear as price holds at the objective 2023 yearly open. These are the updated targets and invalidation levels that matter on the USD/JPY weekly technical chart. {chart} The Japanese Yen has been consolidating within the January range with USD/JPY trading just above multi-year slope support. We’re on the lookout for a breakout in the days ahead for guidance on whether the broader October correction is complete. Initial resistance stands ... (full story)