USD/JPY PRICE ANALYSIS: BULLS SEEKING A DISCOUNT

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USD/JPY bears are moving in but bulls are on standby. 
Bulls need to get above hourly resistance structure.

USD/JPY has been offered as the Yen on Friday posted modest gains on signs of strength in Japan’s economy boosted by Japan’s Mar national inflation data that rose more than expected and by the most in 41 years, and a gauge of Japan’s manufacturing activity rose to a 6-month high. Technically, however, the bias remains bullish while above 132.80 and certainly while on the front side of the broader trendline. 

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