The USD/JPY D1 chart reveals a strong bullish trend forming over the last three weeks, with consecutive higher closes and increasing volume. The recent high at 161.56 acts as a key resistance level, currently being tested following a consolidation phase. The close above 161.56 on the latest candle suggests strong buyer interest, while the volume spike of 75,197 confirms the momentum. The prior low at 159.456 serves as a critical support level, and the price has remained above it, reinforcing the uptrend. The current setup shows a bullish breakout pattern, with the price consolidating near the recent high, indicating potential…

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