USD/JPY(20260416)Today's Analysis

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USD/JPY(20260416)Today's AnalysisUSD/JPYOANDA:USDJPYHardworkingMinersMarket News: Although FOMC officials hinted at their March meeting that they expect one more rate cut this year, considerable disagreement remains. According to the CME Group's FedWatch Tool, market pricing on Wednesday indicated only about a one-in-three probability of a rate cut this year. Technical Analysis: Today's Buy/Sell Threshold: 158.91 Support and Resistance Levels: 159.41 159.22 159.10 158.71 158.59 158.40 Trading Strategy: Consider buying if the price breaks above 159.10, with a first target price of 159.22. Consider selling if the price breaks below 158.91, with a first target price of 158.71.