USD/JPY: Bulls Eye 159.40 BreakoutUSD/JPYOANDA:USDJPYPureFX_USD/JPY has been pushing higher after a strong move from the 157.60 area. Price is now trading around 159.30 and has reclaimed the 200 EMA at 159.06, giving buyers a slight technical advantage. The key level now is 159.40, where price has been struggling to break. A clean break and close above this resistance could open the door for another move higher. If buyers break 159.40 and hold above it, the next major area to watch is around 160.60–160.80, where previous resistance sits.