USDJPY Holds Uptrend Despite Rising JGB YieldsU.S. Dollar / Japanese YenFOREXCOM:USDJPYFOREXcomTo quantify uncertainty through price action, USD/JPY must be assessed across multiple time frames. On the weekly chart, the pair continues to respect a parallel uptrend established since April 2025, holding above the 155-support zone. This structure is now challenging the mid-zone resistance of a broader channel extending from the 2022 lows toward 2026—making this area a pivotal decision point for trend continuation or reversal, near 160 Bullish Scenario: Continuation Above 160 A sustained break and weekly close above 158–160 would confirm renewed bullish momentum. In this scenario, price action could extend toward: 166 174 180 These levels align with Fibonacci projections (0.618, 0.786, 1.0, 1.272) of the broader cycle between the 127 low (2023), 161.70 high (2024), and 140 low (2025), while also coinciding with the upper boundary of the long-term ascending channel. Bearish Scenario: Breakdown Below 155 Failure to reclaim 160, combined with sustained pressure below the channel mid-zone, increases the probability of a downside move. A confirmed break below 155 would signal a structural shift, opening the path toward: 152 (yearly lows) 150 (psychological level) 147 (channel support) Such a move would reflect a deeper repositioning in USD/JPY, potentially driven by BOJ intervention or a broader shift in dollar sentiment. - Razan Hilal