USD/JPY is trading lower but choppy with thinning volumes heading into the European markets, with the pair playing close to 106.40. The US Dollar dump continued yesterday following a positive beat to US inflation data, with the month-over-month CPI printing an expectation thumping 0.5% increase for January. With strength behind the Japanese Yen continuing to grow, USD/JPY broke through a key barrier to trade at 14-month lows. USD/JPY Technicals With the pair closing lower for six of the past eight trading days and the USD selling off steadily, USD/JPY has cleared every major support level and is now poised for ... (full story)