Yen Correction Keeps Bullish Momentum in Focus Above 94.70New Zealand Dollar vs. Japanese YenFX:NZDJPYSickMarketThe Japanese yen appears to be moving into a corrective phase following its recent sharp advance, which may provide additional support for the pair if yen weakness continues in the near term. Price action is currently showing signs of a potential long squeeze developing around the liquidity area near the lower boundary of the range. Despite the recent consolidation, the broader structure remains bullish. A sustained close above 94.70 could strengthen momentum and open the way for a move toward the 95.20–95.40 area. Resistance levels: 95.16, 95.40 Support levels: 94.70, 94.30 The key level to watch remains 94.70, which currently acts as an important support zone and the lower boundary of the active range. If buyers are able to defend this area and keep price trading above it, the market could receive a technical catalyst for another upward impulse. In that scenario, the first significant resistance remains around 95.16, while a stronger continuation could bring 95.40 back into focus. On the other hand, failure to hold above 94.70 would weaken the immediate bullish setup and increase attention on the next support level near 94.30.