Watching USD/JPY for a break or rejection at 152
I've been looking at the USD/JPY daily chart, and it seems like we're consolidating right below the 152 level again. That's been a pretty significant resistance point over the past few months, so I'm curious if we'll see a strong rejection there or if the bullish momentum can finally push through. A clear break above 152 and sustained trading could signal a new leg up, but if it bounces hard, I'd be looking for a potential retest of the 149 area, possibly even lower if the economic data out of Japan starts to surprise.
Yeah, 152 has been a brick wall for USD/JPY for a while now. I'm leaning towards a rejection personally, given the general sentiment, but a strong push above could definitely catch a lot of people off guard. Watching the Yen crosses closely too.