USD/JPY Daily Analysis

Price has entered a support zone at (140 to 141) last tested at the end of December 2023. Fridays, Mondays and Tuesdays candle have printed a Morning Star pattern which can be interpreted as a change in momentum from sellers into buyers when seen at support. With FOMC from the USA on Wednesday and the BOJ rate statement on Friday, things could look a whole lot different by the end of the week.