USDJPY Eyes Triangle BreakoutU.S. Dollar / Japanese YenFOREXCOM:USDJPYFOREXcomFrom an FX perspective, USD/JPY remains one of the most interesting charts. The pair is trading near levels last seen in the 1980s and could be at risk of another steep bullish breakout toward 170 should the US Dollar Index (DXY) confirm its own breakout above 102. The latest swings on the USD/JPY chart are coiling within a triangle pattern, pointing to growing breakout risks as the range narrows down. A sustained break above the 162.40–162.80 resistance—and above 163.50—would strengthen the case for an extension toward 165, 168, and eventually 170. These upside targets align with the 61.8%, 100%, and 127.2% Fibonacci extension levels of the May–June 2026 advance, while also converging with the upper boundary of the ascending channel that has guided price action since April 2025. On the downside, a confirmed break below 161.10 and 160.80 would expose the lower boundary of the channel near 158. From there, prices could either stage another rebound to preserve the year-long bullish trend since April 2025, or extend losses toward 155 and 152, near the yearly lows. This bearish scenario would likely coincide with a DXY breakdown below the 100.30–99.30 support zone - Razan Hilal