The USDJPY pair is recording consecutive losses during its recent intraday trading, confirming a break below a key short-term ascending trendline. This signals the continuation of the bearish corrective wave, especially with added negative pressure from trading below EMA50, which increases the downside pressure surrounding the pair.

On the other hand, we notice the beginning of a positive crossover of the relative strength indicators, after reaching deeply oversold levels. This helped limit recent losses and caused some price consolidation.