USD/JPY Holds as Retreat Around 159.039

Research preview

Risk And Invalidation Risk remains level-led. The invalidation level matters more than the headline bias; reduce size around data releases and avoid treating the first reaction as confirmation without a retest. USD/JPY News And Catalyst Brief The headline set is not neutral around inflation and central-bank policy. 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 central-bank expectations in focus. For the trade plan, the news gives direction of risk while the chart decides whether that risk is tradable. Eurozone cpi estimate (y/y) jul f: 2.9% (est 2.9%; prev 2.9%) – cpi core (y/y): 2.5%...