USDJPY Drops Sharply: Buy the Rebound, Sell at Higher Levels

USDJPY has seen a sharp decline as the Japanese yen strengthened rapidly, supported by expectations that the BOJ may continue tightening monetary policy. Japan is also showing strong determination to control the exchange rate and support the yen. From a technical perspective, 153 is the current price zone, but for me, 152 is the more important level to watch. 📉 A break below 152 could open the door for a deeper move toward 150. 📈 Meanwhile, 155 is the nearest resistance level to watch. However, after such a strong decline, I am not looking to chase SELL positions at the current lows. 👉 For now, I prefer to look for BUY opportunities for a short-term rebound. 👉 If price recovers toward higher levels, especially around 155, I will then look for potential SELL opportunities in line with the main bearish pressure. This week, the market will also focus on U.S. inflation data, including CPI and PPI, as well as expectations surrounding major central banks. Hotter-than-expected inflation data could support a rebound in the U.S. dollar, while expectations of further BOJ tightening remain supportive for the yen. In short: SELL remains the main pressure, but I am not chasing SELL at the lows. For now: BUY the dip for a rebound, then look for opportunities to SELL at higher levels.