El USD/JPY retrocede a 156.50 después de alcanzar máximos de varios meses con los datos de PCE de EE.UU.

The USD/JPY pair retreated from its highest levels since July, falling to 156.50 following the release of US personal consumption expenditure (PCE) price index data. Softer inflation metrics, along with The outlook for the Federal Reserve's recent interest rate decision moderated the US dollar's bullish momentum. Meanwhile, the pair's technical indicators signal caution despite maintaining an overall bullish bias.

The latest PCE data from the Bureau of Labor Statistics (BLS) revealed moderate price pressures in November. Prices of goods increase marginally by less than 0.1%, while prices of services increase by 0.2%. Food and energy prices also posted a modest 0.2% increase. Excluding these volatile components, the PCE increased 0.1% month-on-month and 2.8% year-on-year, below market expectations.

USD/JPY's pullback to 156.50 highlights a decline in bullish momentum, with key technical indicators signaling mixed conditions. The Relative Strength Index (RSI) was rejected at the overbought threshold of 70, indicating a possible exhaustion in the uptrend. Meanwhile, the Moving Average Convergence/Divergence (MACD) histogram continues to show ascending green bars, reflecting persistent bullish momentum.

Immediate support is seen at 156.00, with a break below this level that could expose 155.50 as the next key level on the downside. To the upside, resistance remains at 157.00, with a decisive break above this level needed to retest recent highs. Although the pair remains in a broader uptrend, a period of consolidation may be necessary before the next directional move.