USD/JPY Holds Near 159.40 as Yen Faces PressureUSD / JPYIBKR:USDJPYJohn_IsigeThe USD/JPY pair remains in an uptrend correction, trading around 159.41, supported by sustained strength in the US dollar and rising geopolitical risks. ⸻ Fundamental Drivers Yen Under Pressure •Rising oil prices increase import costs for Japan •Weak yen amplifies inflation risks •BOJ maintains ultra-low rate (0.75%) However: •Intervention risk remains high •BOJ signals potential tightening toward 1.00% if inflation persists ⸻ Dollar Supported by Safe-Haven Flows •USDX holds near 99.40–100.00 •Capital flows driven by Middle East tensions •Oil, gold, and USD dominate as safe-haven assets Geopolitics: •US ultimatum to Iran over Hormuz Strait •Ongoing negotiations (Axios sources) add uncertainty ⸻ Technical Analysis •Price is moving within a broad ascending channel (154.00–163.50) •Current move = correction within bullish structure Indicators: •Alligator: bullish alignment (EMAs diverging upward) •AO: positive momentum building ➡️ Bias: Bullish with correction risk ⸻ Key Levels Resistance •160.60 •163.80 Support •157.70 •152.60 ⸻ Trading Scenarios Bullish Scenario Buy above 160.60 •Entry: 160.65 •Target: 163.80 •Stop-loss: 159.00 •Timeframe: 7+ days Continuation of the uptrend. ⸻ Bearish Scenario Sell below 157.70 •Entry: 157.65 •Target: 152.60 •Stop-loss: 160.00 Breakdown signals deeper correction. ⸻ Outlook USD/JPY remains structurally bullish, driven by: •Strong USD demand •Energy-driven pressure on JPY •Policy divergence (Fed vs BOJ) However, intervention risks and geopolitical headlines can trigger sharp volatility.