FUNDAMENTAL OVERVIEWUSD:The US Dollar remains on the backfoot as the bearish momentum set by the USD/JPY intervention risks kept weighing on the greenback. USDJPY TECHNICAL ANALYSIS – DAILY TIMEFRAMEUSDJPY - dailyOn the daily chart, we can see that USDJPY is consolidating below the key 154.50 support now turned resistance. The sellers will likely step in around the resistance with a defined risk above it to position for a drop into the major trendline. USDJPY TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEUSDJPY - 4 hourOn the 4 hour chart, we can see that the strong bearish momentum has faded recently. USDJPY TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEUSDJPY - 1 hourOn the 1 hour chart, we can see that we have a minor upward trendline defining the current price action.