Current Technical Analysis
The pair is moving upward within an uptrend on both the weekly and daily frames. Prices have bounced up from the weekly FVG zone. Also, the price successfully broke through the 155.26 level marking a shift from a bearish structure into bullish on the 4-hour chart. Indeed, prices have reached the first target from the previous report, and currently trade around 156.30. An upward bias is expected to continue.

Key Economic News Today
The US dollar is awaiting today’s data including weekly ADP employment change, job openings, and job-turnover rate. These releases are expected to impact the dollar’s moves today and thus influence USD/JPY.

Liquidity Levels & Price Targets
Today, prices are expected to rise toward 157.18 then 157.94.

Alternative (Bearish) Scenario
The bullish scenario is invalidated if a 4-hour candle closes below the 154.90 level.