USD/JPY Faces Rejection at 148.6, Bearish Setup EmergesUS Dollar/Japanese YenFX:USDJPYFenzoFxBrokerFenzoFx—USD/JPY began a bearish wave after the 148.6 resistance rejected the price. As of this writing, the currency pair flipped below the ascending trendline and formed a bearish FVG at 147.9. A pullback toward the FVG can provide a premium price to go short on USD/JPY, targeting 146.9, followed by 145.7.