I placed this pending sell order earlier (apologies for the late update). The pair formed a rising wedge pattern, signaling potential bearish momentum. A break below the trendline confirmed entry. My short target aligns with key support levels: 157.169 and 156.506.
Fundamentals:
The USD/JPY's recent downside is influenced by a weaker USD due to dovish Fed sentiment and safe-haven flows favoring the JPY amidst global economic uncertainties.