USDJPY | Will the BoJ intervene if the Yen keeps falling?US Dollar/Japanese YenFX:USDJPYDatTongFundamental approach: - The US dollar-yen edged higher this week, supported by surging oil prices and fading expectations of a Fed rate cut, but pressured by softening risk sentiment into the weekend. - Weak demand at Japan's 10-year JGB auction pushed yields higher amid rising inflation concerns, while Trump's address offered little clarity on Middle East tensions. - The US dollar-yen could remain volatile as thin 'Good Friday' liquidity coincides with the US NFP release, where a payrolls beat may push Fed cut expectations further out, potentially lifting the pair. Technical approach: - USDJPY bounced strongly after retesting EMA21. The price is above both diverging EMAs, suggesting a potential extension of the uptrend. - If USDJPY breaches above the resistance at 160.20, the price may rise toward the following resistance at 161.75. - On the contrary, remaining below 160.20 may prompt a retest of EMA21 and the support at 158.40. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness