USDJPY: Buyers Are Knocking on 162.00USD/JPYOANDA:USDJPYDomicChainaUSDJPY is moving in a clean bullish rhythm on the H4 chart. It is not explosive, but every pullback is being absorbed quickly. Price is currently around 161.70, still above the EMA34 at 161.37 and the EMA89 at 160.75, showing that buyers remain in control. The key point is that the 161.00–161.30 area has acted as solid short-term support. Each time price pulls back near the EMA34, buyers step in and push the pair back toward the highs. This suggests the main trend remains bullish, while current dips are mainly retests rather than reversal signals. Main scenario: USDJPY may hold above 161.30–161.00 and continue higher toward 162.00–162.50. If buying pressure remains strong, 162.50 becomes the next important upside target. The news backdrop also supports USD. Reuters noted that the yen remains under pressure due to the wide US-Japan interest rate gap, while a former BOJ official warned that USDJPY could move toward 165 if the Fed continues raising rates. Reuters also reported that the yen recently weakened toward 161.45, its lowest level since July 2024, prompting Japanese officials to continue warning markets. Today, Forex Factory lists several important USD releases, including Final GDP, Unemployment Claims, Durable Goods Orders, and Core PCE. These could trigger strong volatility in USDJPY, especially if the data reinforces expectations that the Fed will maintain a hawkish stance.