Target: 153.5
Rationale: Bullish momentum driven by the carry trade and the BoJ’s dovish outlook is expected to push USD/JPY higher. A break above the 152.5 resistance could lead to further gains. However, beyond 153.5, the gains may be limited due to potential profit-taking. If the pair retraces below 150, re-evaluate.
Action: Long with target at 153.5; minimal risk and relatively strong upside given the setup.
Action: Long with target at 153.5; minimal risk and relatively strong upside given the setup.
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