USDJPY TIME TO MOVING UP
USD/JPY is currently trading between support and resistance levels, showing signs of returning to the resistance side amid ongoing market volatility. A buy signal is identified at 156.995, indicating potential upward momentum as the pair attempts to break through key levels. The first target is set at 157.430, followed by 157.963 and 158.208, signaling a continuation of the bullish trend. Traders should place a stop loss at 156.00 to manage risk effectively and protect against potential downside movements. This setup reflects strong bullish sentiment, supported by a favorable interest rate differential between the U.S. dollar and the Japanese yen, which continues to attract buyers
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