The USDJPY chart is showing a strong downtrend after reaching a peak in July.
Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492.
The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure.
In terms of news, U.S. economic factors, especially the CPI report, are having a significant impact on the USD. If inflation decreases, the USD may weaken, allowing USDJPY to continue its downtrend toward lower levels.