DXY was strong yesterday but came down after hitting R at 101.75 or so. USDJPY as mentioned, 135.35 was strong R, which held the high, though it was much a sideways days for USDJPY.
The same 135.35 level continue to act as R, though TBH tonight is CPI thus anything can happen. But for now, price action still look toppish here.
IMO would likely revisit yesterday's low then it will be up to FOMC to trigger the next move.
Below 135.11, expect a move to 134.65. If accepted then back up to 135.7. Rejection off which down to 133.77.
However, if market can keep above 135.25, especially before FOMC, could trigger a strong up to 136.15 and 136.7 magnet.
The same 135.35 level continue to act as R, though TBH tonight is CPI thus anything can happen. But for now, price action still look toppish here.
IMO would likely revisit yesterday's low then it will be up to FOMC to trigger the next move.
Below 135.11, expect a move to 134.65. If accepted then back up to 135.7. Rejection off which down to 133.77.
However, if market can keep above 135.25, especially before FOMC, could trigger a strong up to 136.15 and 136.7 magnet.
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