USDJPY – Wyckoff Reaccumulation & Macro Outlook

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USDJPY – Wyckoff Reaccumulation & Macro OutlookUS Dollar/Japanese YenFX:USDJPYTheCryptoHareUSDJPY appears to have completed a Wyckoff reaccumulation pattern. The structure suggests price is preparing for a breakout to the upside, with momentum likely carrying through into the end of the year. 🔹 Technical View •Pattern: Multiple rounded lows + higher lows confirm demand absorption. •Breakout zone: Current resistance around 149–150 is being tested. A clean break would open the path toward 156–160. •Support: Rising trendline and 146–147 base remain the key invalidation area. A decisive break below here would weaken the bullish case. •Risk/Reward: A breakout play here offers strong R:R targeting the 156 zone while keeping stops below structural support. 🔹 Macro Context •The U.S. Dollar Index (DXY) has been firming, and USDJPY is closely tied to dollar strength. •Japan’s capital flows into U.S. assets (particularly Treasuries and equities) further reinforce why USDJPY has stayed buoyant. •As long as yield differentials remain wide, the yen continues to face devaluation pressure. 🔹 What’s Next •I expect USDJPY to push higher into year-end, with 156–160 as the near-term supply zone. •Watch DXY closely (see my DXY chart) for confirmation — if DXY extends its breakout, USDJPY likely follows. •Failure to hold 146–147 support would shift this outlook back into distribution mode. ⸻ ⚠️ Chart shows breakout projection toward 156 with invalidation at 146.7.