why is usdjpy so high? two words: inflationary cycles (usdjpy)

its very simple. if this is going to continue, it will stay over vwma/aavwap, and the 1.618
we can retrace quite a bit, and 114.75 isnt unthinkable if we close hourly below the middle horizontal line
this would not negate the bull trend, and 115.235 is a decent target as long as we bounce

Trade closed: target reached:

short tarhet exceeded
time to close