USD/JPY Retreat Below 156.996 with Follow-Through Watch

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USD/JPY News And Catalyst Brief The catalyst mix is narrower than it first looks around risk sentiment, geopolitical risk, dollar direction, and inflation. USD/JPY has a softer news bias because weaker dollar expectations or yen-supportive headlines reduce the quality of an upside continuation, with inflation data and commodity pressure in focus. The practical read is to treat the headlines as a catalyst layer and use the pivot map for confirmation. Oil slumped, u.s. equity futures rose and the dollar slipped after trump said fresh u.s.-iran talks would begin monday, boosting optimism the two sides could reach a deal to reopen the strait of hormuz, with s&p 500 futures up 0.4%...