USDJPY Dip Buy as BOJ Outlook and Oil Shock Weaken Yen!USD/JPYOANDA:USDJPYJoeChampionHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around the 158.100 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which price is approaching the trendline support around the 158.100 support and resistance area. From the macro side, the US Dollar remains broadly supported as markets hold a defensive tone ahead of this week’s US labor data, while hopes of a Middle East ceasefire are only partially easing safe-haven demand. Even with some yen recovery from the 160 area, the broader USD trend remains firm and continues to support upside in USDJPY. On the Japanese side, today’s BOJ Tankan survey showed stronger business sentiment and rising inflation expectations, but markets remain cautious because higher fuel costs from the oil shock continue to hurt Japan’s import-heavy economy. This keeps the policy divergence between the Fed and BOJ supportive for USDJPY dips, especially while price remains above the 158.100 demand zone. The main risk to the setup is Tokyo intervention rhetoric near 160, but unless officials take decisive action, the broader bullish structure remains intact and we anticipate continuation toward higher resistance levels.