USDJPY is at resistance now prior to the USD CPI data, which measures the change in prices across a representative basket of goods and services. The CPI data is a key economic indicator used to monitor inflation , and the Fed has lately expressed concerns around inflation . Technically the USDJPY has broken the ascending channel to the downside, and is now retesting the support trendline and zone as a resistance. Price is also at the fibonacci golden pocket resistance, and we anticipate downside into the 108.230 level.