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Craig Shapiro observes that the USDJPY currency pair has been exhibiting a prolonged consolidation pattern.
He expresses interest in what may unfold next with the pair but does not provide a specific forecast.
Shapiro previously reported the U.S. dollar rallying as front end yields rose, while gold, silver, bitcoin, and copper fell to session lows, according to a recent post. In a separate note, he identified Broadcom’s AI revenue guidance miss as a significant repricing signal for the sector in 2026, detailed here. These observations place his current focus on USDJPY in the context of his broader coverage of key market drivers.