BOJ, CPI, and the ZARJPY's Stubborn Resistance

The latest CPI print out of Japan, coupled with the ongoing whispers from the BOJ, is making the $ZARJPY chart a curious beast today. You'd think with the general sentiment, we'd see a bit more give on the downside, but it's holding remarkably well around 9.90101, despite hitting an intraday low of 9.865. My watchlist positioning for the pair remains cautious, looking for a clear break before making any moves; patience, as they say, is a virtue, especially when the market decides to be a stubborn mule.