The USD/JPY currency pair struggles to maintain its footing following a break below a crucial flag-like channel. It recently dipped to previous lows around 139.50 and 138.90. Sociéte Générale’s analysts suggest that without a concrete rebound, the pair could face additional losses, targeting projections at 136.50 and 134.80. Presently, market sentiment remains cautious as traders react to global economic developments. This scenario highlights the ongoing volatility in the forex market, pushing investors to tread carefully around USD/JPY.