USD/JPY: Reclaimed Support Opens the Door to 160.80USD/JPYOANDA:USDJPYStructure_ViewUSD/JPY has reclaimed the 158.00–158.70 area after spending several sessions consolidating below it. The latest recovery has pushed price back above this former demand zone, creating a potential continuation setup toward the next major resistance cluster. The important point here is the reclaim itself. This area previously acted as support before breaking during the sharp yen-driven selloff. Price has now recovered above it and is beginning to hold from the other side. As long as that structure remains intact, the short-term bias favors another push higher. Trade Plan Entry: 158.710 Stop Loss: 157.670 Take Profit 1: 159.930 Take Profit 2: 160.830 TP1 sits ahead of the next psychological resistance area, while TP2 lines up with the broader supply zone around 160.50–160.90. Why This Level Matters The 158 area has repeatedly acted as an important pivot. The recent move back above it suggests buyers are regaining short-term control after the intervention-driven volatility. However, this is not a setup where I would ignore the macro backdrop. Japan and the United States recently carried out a rare coordinated intervention to support the yen after USD/JPY had traded near multi-decade extremes. That alone makes upside moves more vulnerable to sudden reversals. More importantly, the Bank of Japan’s July meeting summary showed growing support for faster rate hikes, with several policymakers expressing concern about persistent inflation. Markets are now assigning greater probability to another BOJ move as early as September. That creates a clear tension: the technical structure supports a recovery, while the fundamental backdrop still favors caution on USD/JPY longs. Trading Scenarios Bullish: Holding above 158.00–158.70 keeps the recovery structure intact and exposes 159.93, followed by the major supply zone near 160.83. Bearish: A return below 157.67 would invalidate the reclaim and suggest sellers have regained control, putting the lower support area back in focus. For now, I see this as a tactical long rather than a structural bullish view. Can USD/JPY reach 160.80 before BOJ expectations and intervention risk bring sellers back?