USD/JPY is in a stable uptrend, supported by two key EMAs (89 and 34), showing that buying pressure remains strong. However, the resistance at 153.827 could act as a “wall” that halts the upward momentum.
If pushed back, the 151.807 area could serve as a “launchpad” for a bounce. With the current uptrend, a pullback to 151.807, followed by a rebound signal, may offer a good buying opportunity. A clear breakout above 153.827 could signal the next leg up.
The key here is not chasing the market, but waiting for the golden opportunity: buying at support on a pullback, or catching the wave if resistance breaks.
BOJ’s decision to keep rates at 0.25% has reduced the yen’s appeal, adding upward pressure on USD/JPY as the Fed may keep rates high.