On the M15 chart of USDJPY the market has been consolidating around the 161.55‑161.60 zone before showing a clear bullish break. The last three candles (161.552‑161.599, 161.592‑161.632, 161.576‑161.591) each closed higher with volume rising from 637 to 1,428 contracts, confirming strong buying pressure. Earlier in the session the pair respected a support near 161.45‑161.50, which now sits below the entry level, providing a clean stop‑loss buffer. The break of the short‑term resistance aligns with an upward channel whose upper boundary lies near the prior high of 161.92, making the TP around 161.94 a logical target. If buying momentum persists, price…

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