USD/JPY Price Analysis: Bulls and bears greet at key resistance

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• USD/JPY bulls could be about to throw in the towel.
• Bears are a correction although note the bullish trend remains solid. 

The Japanese yen held near 143 per dollar and at the bullish cycle’s weakest levels while the BOJ is expected to keep ultra-low interest rates unchanged and maintain its current yield curve control policy. Bank of Japan Governor Kazuo Ueda reiterated the bank’s resolve to maintain an ultra-loose monetary policy to sustainably achieve the 2% inflation target which leaves the Yen vulnerable. However, there are prospects of a meanwhile correction as the following illustrates.