is massively oversold. We expect it to breakout of the wedge
and start heading upwards and show some respect for the better than expected CPI
news out of Britain today. I think this it is still lingering around because we have the CPI
announcements for US tomorrow and that will determine the direction of $USDJPY
. However, I think the worst case scenario could be retest of $148 level. Best case scenario will be it continuing the climb with a strong bounce from here. Good luck!