USDJPY: trading idea
USDJPY remains in a strong bullish trend, with buyers still controlling above the key 151.80–151.50 support zone. The pair is consolidating near highs, and a breakout could extend the upside.
Headway
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191 days ago
USDJPY remains in a strong bullish trend, with buyers still controlling above the key 151.80–151.50 support zone. The pair is consolidating near highs, and a breakout could extend the upside.
Buy Scenario:
Buy on pullbacks above 151.80
Targets: 153.30 then 154.00
Stop-loss below 151.40
Breakout Buy:
Clear daily close above 153.00
Targets: 154.20–154.80
Sell Scenario (only if breakdown):
If price drops below 151.50
Targets: 150.70 then 149.90
Stop-loss above 152.70
Overall bias stays bullish unless we lose 151.50. Watch for BOJ headlines and US yields as main drivers today.
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https://www.myfxbook.com/forex-broker-manage/236
USD/JPY fell to 157.47 on Wednesday, with the Japanese yen pausing its recent strengthening. US Treasury Secretary Scott Bessent reaffirmed Washington’s support for Japan following the historic joint currency intervention.
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