USD/JPY reversing

The USD/JPY broke the 140 level and reached 140.80, which located around resistance level 141-142. Previously the pair has pulled back twice when it touched that trend line. With overbought RSI and NFP around 300K, the par might pull back to a support level around 124.00. The upcoming CPI and FED rate hike will have a huge impact on the next move. If the CPI does not go down, the FED might hike a 0.75 basis point and this could push the pair to break that trend line and head higher around 160.00