USDJPY Hits Resistance: Further Rally or Correction?

USDJPY is in a strong uptrend, approaching the key resistance level at 149.473. If it breaks through this level, the upward momentum may continue, pushing the price higher.

However, if it fails to break this resistance, the price could reverse and retest the support at 143.778. The current uptrend is supported by the trendline and EMAs, but upcoming news from the Fed and the Bank of Japan will be critical in determining the next move for USDJPY.
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