USD/JPY is falling, with eyes on the next key technical level The pair retreated 0.3% to 146.64 on the day. The pair touched a low of 146.53 in Asia before returning to around 147.00 after delivery to Europe. With the start of the US market now, we are seeing the pair drop again and it is currently at 146.64. As the dollar side of the equation is frozen pending US CPI data tomorrow, it's more about the yen side of the equation for now.