U.S. Dollar breaks out again vs. Japanese Yen

USD/JPY: Breaks out again - holding 153.28 targets 156.50-157.20 next

We highlighted a bullish breakout from the February–October triangle base for USD/JPY in Straight from the Chart on October 8. After a deep retest of that breakout, the pair formed a tactical bullish consolidation, setting the stage for another move higher.

Sustaining a push above 153.28 confirms this renewed bullish setup and favors further upside toward 156.50–157.20 (chart resistance and tactical breakout projection). A continued advance could also extend to 158.80–161.00, aligning with the January peak and the upside count of the triangle base.

If the breakout falters, support levels are 151.54–151.16 and the October 17 higher low at 150.01.

Chart1: U.S. Dollar breaks out again vs. Japanese Yen