USDJPY – The Trend Is Still Paying BuyersUSD/JPYOANDA:USDJPYParadise_NoirUSDJPY continues to be priced in favor of the U.S. dollar. Expectations that U.S. interest rates will remain elevated continue to provide a supportive backdrop for the greenback, while the JPY has yet to generate enough strength to reverse the current flow. What matters now is not how far USDJPY has already risen, but how effectively the market continues to absorb profit-taking without damaging the broader trend. On the H1 chart, the pair has remained inside an ascending channel for nearly two weeks. Pullbacks have consistently produced higher lows, while the latest decline toward the lower part of the channel quickly attracted fresh demand. Price is currently trading around 157.63, above the Ichimoku structure and the 157.20–157.40 area — a zone I view as an important foundation for the next potential leg higher. I prefer building exposure on pullbacks rather than chasing price after an extended move. If 157.20–157.40 continues to hold, 158.00–158.20 becomes the first meaningful test. Acceptance above that area would strengthen the case for an extension toward 160.00, near the upper boundary of the channel. For me, the bullish thesis only needs to be reassessed if the market begins to lose its higher-low structure and breaks out of the ascending channel. Until then, pullbacks are better viewed as potential reaccumulation within the uptrend rather than a reason to position against it.