The US dollar has continued to sell off since the US job numbers were announced at the end of last week.
Since the start of this week's trading, the price of the USD/JPY currency pair is settling lower around the support level 146.08 amid selling operations.
At the end of last week's trading, the US dollar fell against the rest of the other major currencies.
The US dollar strengthened in the hours following another big US interest rate hike and a clear message from Bank Governor Jerome Powell that further hikes were necessary to bring down inflation.
A state of instability dominates the performance of the USD/JPY currency pair.
The core measure of US inflation accelerated in September, while consumer spending remained resilient, indicating broad price pressures and strong demand
The US dollar is falling again against the Japanese yen on Wednesday, as we continue to see a bit of a pullback in this extraordinarily bullish market.
The US dollar has initially dipped against the Japanese yen on Monday, but then turns around quite rapidly to form a bullish candlestick
The US dollar has gone back and forth against the Japanese yen during the trading session on Friday as the Bank of Japan has intervened.
The US dollar has rallied a bit during the trading session again on Wednesday as we continue to see the Japanese yen get crushed.
The US dollar initially dipped during the trading session on Tuesday but found buyers again below the ¥149 level as the US dollar is like a wrecking ball
The US dollar continues to look like it wants to rally against the Japanese yen, as we continue to see a lot of negativity when it comes to the Japanese yen.
The US dollar has spiked again during the trading session on Friday as the Bank of Japan continues to work against interest rates.
The Japanese yen fell to a two-decade low after Bank of Japan Governor Haruhiko Kuroda pledged to maintain monetary policy in order to support an economic recovery
In recent technical analyses of the USD/JPY currency pair it is ready for new record bullish breaches, as it returned to the levels of Japanese intervention in the market.