USDJPY Holds Sideways as Key Japan Data LoomsU.S. Dollar / Japanese YenFOREXCOM:USDJPYProfessorSingaporeUSDJPY Holds Sideways as Key Japan Data Looms USDJPY has been consolidating in a sideways range since August 22, currently forming a Triangle pattern. If the price rebounds from the upper border or confirms a breakout of the lower border, analysts suggest opening a Sell position. The yen trades near 147.4 per dollar, maintaining a tight range as investors await a series of economic reports. Friday’s data on industrial production, retail sales, and consumer confidence, along with Tokyo inflation figures, will be closely monitored for signals on Bank of Japan policy. Over the weekend, BOJ Governor Kazuo Ueda reiterated that wages are likely to rise amid a tightening labor market, strengthening expectations for a potential rate hike in the coming months. At its July meeting, the BOJ kept rates unchanged but raised inflation forecasts and adopted a more optimistic economic outlook.