USDJPY — Demand Reaction (Update)USD/JPYOANDA:USDJPYMEStandardFollowing the Feb 27 idea, USDJPY demand has held and price has stabilised above the zone. The initial reaction confirmed support, with structure shifting from downside pressure into controlled upside movement. This suggests positioning has adjusted rather than continued liquidation. From a broader perspective, USD strength remains supported by elevated yields, which continues to underpin the pair. For now, the key is whether demand continues to hold - failure here would invalidate the structure and shift the narrative.