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USD/JPY Horse Ride will End?

Technical Analysis

USDJPY from Jan 2021 started the horse ride at 102.50 and touched the peak 143.50 around 4100 pips up and still holding its support.

Expected strong resistance at 146.50 and Target 1 @ 139.30 (720 Pips) comes with Target 2 @ 132.80 (1370 Pips)
Keeping the Stop Loss @ 148.25 to 148.50 valid range.


Why is the Japanese yen Weak?
The US move toward higher interest rates, while the Japanese rates remain low, which might be impact the short-term loss for the Yen, however, keeping low-interest rate is good for the economy from a long-term perspective