Daily Pivots: (S1) 159.20; (P) 159.38; (R1) 159.66; More…
USD/JPY edged higher today, but remains bounded in established range below 160.45. Intraday bias remains neutral and more consolidations could still be seen. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) intact. On the upside break of 160.45 will target a retest on 161.94 high. However, firm break of 157.31/49 will bring deeper fall back to 61.8% retracement at 155.38 next.
In the bigger picture, outlook is unchanged that corrective pattern from 161.94 (2024 high) should have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94. This will remain the favored case as long as 55 W EMA (now at 153.80) holds. Firm break of 161.94 will pave the way to 61.8% projection of 102.58 to 161.94 from 139.87 at 176.75.

















![U.S. dollar notes and Korean won at a branch of Hana Bank in central Seoul on April 3. [YONHAP]](https://charm-retirement.com/wp-content/uploads/2026/04/2cd924d3-b06f-4c09-aacf-4345ddd28f93-1024x683.jpg)




