Japanese Yen Technical Analysis: USD/JPY at a Big Spot for Directional Themes 2021-04-10 04:00:00 James Stanley, Senior Strategist USD/JPY Technical Forecast: Neutral USD/JPY had a very strong Q1 as the reflation theme drove a bullish trend in the pair. The Q2 open so far has shown a different theme: Is this but a pullback in the bullish theme or is that bullish trend on the verge of coming undone? The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Advertisement