USD/JPY Momentum Shift Flags Diesel-Driven Inflation Risk
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Record diesel prices, now cited as a fresh inflation risk for the broader economy, are filtering into USD/JPY price action as traders reassess how sticky price pressures could shape future Fed policy.
On the technical front, USD/JPY's MACD line has crossed below its signal line for the first time in weeks, a bearish momentum signal that often precedes short-term pullbacks even within an established uptrend.
Support converges near the confluence of the 100-day moving average and a horizontal zone from prior consolidation, making it the level bulls need to defend to keep the broader trend structure intact.