USDJPY to 142.200 this month is very likely... Do you think so?

Hey Traders! 👋

For Day 31/100 of our challenge, we will look at USDJPY for upside potential this week/month

Technicals:
- Created a new high at 141.400 on break of 140.800
- Price retraced back to 140.200 to form support
- Also a pivot area and 62% fib retracement
- Looking to target 142.200

Fundamentals:
🇺🇸 Hawkish pause from Fed and a higher than expected forecast on peak rate causing investors to reassess their rate cut bets

🇯🇵 No changes in dovish policy stance today. Expect JPY to remain weak in the coming month unless any new catalysts says otherwise.