USD/JPY has strengthened significantly on the back of the U.S. dollar, especially with the release of expected economic data such as third-quarter GDP and jobless claims, which may strengthen the greenback and support the pair to continue its upward trend. At the same time, the Bank of Japan continues to implement easing policies, reducing the yen’s ability to recover in the short term.

Technically, the 4-hour chart shows buyers are in control with higher lows and ongoing support from the green FVG area. Price is above the Ichimoku Cloud, with the front extension of the cloud being thicker and sloping upward, indicating a stable uptrend.

Support: 156.6–156.5 (previous FVG and liquidity area).
Resistance level: 157.3-157.5, the top can touch 158.0.

The short-term trend is up, and monitoring price reactions at key levels will confirm the persistence of the move.

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