24 Mar USDJPY outlook: Near-term rebound seenU.S. Dollar / Japanese YenFOREXCOM:USDJPYChartingGenieUSDJPY is holding above the ascending trend line and H1 support at around 158.445. The Ichimoku cloud is also showing bullish signs. If USDJPY regains its bullish momentum above 158.445, the price may approach the 159.311 resistance level. Conversely, breaking below 158.445 and the ascending trendline may prompt a deeper decline toward the following support at 157.502. The dollar-yen retreated amid a softer US dollar and rising currency intervention risks flagged by Japanese authorities. Elevated energy prices pressured the yen through higher import costs and inflation, given Japan’s reliance on energy imports. Interest rate differentials may keep the dollar-yen supported, with currency intervention risks tempering its upside. By Li Xing Gan, Financial Markets Strategist Consultant to Exness