USDJPY: Buyers retain the advantage for a move to 162.70

USDJPY is trading around 162.52 following a pullback from the short-term high. On the positive side, the price has maintained support near 162.40 and remains within the equilibrium zone above the Ichimoku cloud.

The price has approached and successfully absorbed the immediate short-term downtrend line. If USDJPY holds above 162.40, there is a high probability of another push upward to retest the 162.70 level. Given the continued weakness of the JPY, current pullbacks are more likely to be viewed as opportunities for buyers to re-enter the market rather than signals of a trend reversal.

Entry Focus: Prioritize BUY positions around 162.40–162.50, provided the price holds support and a bullish confirmation candle appears.
Target: 162.70
Invalidation: The bullish scenario weakens if the H1 candle closes below 162.30.