USDJPY: Yen Strength Blocks A Clean Dollar ReboundU.S. Dollar / Japanese YenFOREXCOM:USDJPYProfessorSingaporeUSDJPY is trading near 156.00 after a sharp drop from the 160.00 area. The pair tried to stabilize, but the recovery remains weak. Mixed macro picture: the yen is heading for its best week in a month, while the dollar remains firm ahead of U.S. payrolls. This means USDJPY is caught between two forces: stronger yen sentiment from Bank of Japan expectations and dollar support from U.S. labor-market risk. For the dollar, NFP is the key trigger. Strong payrolls can support Treasury yields and reduce expectations of a softer Fed. But for USDJPY, the yen side matters just as much. If markets continue to price in a more hawkish BoJ, dollar strength alone may not be enough to push the pair higher. Technically, USDJPY remains below the main moving averages. Price is near 156.04, below EMA 20 at 156.16, SMA 50 at 156.83, and far below SMA 200 near 158.91. This confirms that the broader H1 structure is still bearish. RSI is near 44, showing weak-neutral momentum. MACD is recovering, but still below the zero line, so the rebound is not fully confirmed yet. 🎯 Trade Setup: USDJPY Direction: Long only after recovery confirmation 🔺 Entry: above 156.83 if price reclaims and holds SMA 50 🛑 Stop Loss: 156.15 🎯 Take Profit 1: 158.00 Alternative: if USDJPY fails below 156.83, the long setup is not active. A move below 155.50 would keep sellers in control and open the way toward 155.00 / 154.50. Key idea: no reclaim above 156.83 — no clean long setup. USDJPY is not a simple dollar-strength trade right now. The yen has its own support, and bulls need to reclaim 156.83 before the chart can look constructive again. ⚠️ Not financial advice.