⬤ USD/JPY took a sharp dive during the session, pushing down into the 155.50–155.70 demand zone where sellers backed off and the price started to catch its breath. The hourly chart shows a quick drop from the upper 157s and 158 area, bottoming out near a marked weak low around 155.50. This looks like a liquidity grab rather than a drawn-out consolidation at the lows.
⬤ The move into the 155.50–155.70 zone represents a liquidity sweep into demand territory. The low formed quickly after the selloff—what traders call a weak low—rather than through extended accumulation. Price is now reacting from this area, suggesting buyers are stepping in as the market takes a breather after the aggressive downside action.
This represents a liquidity sweep into demand, with price now showing an early response from the 155.50–155.70 zone.
⬤ The technical picture outlines a conditional bounce scenario. If bulls can keep price above 155.50, the first upside target sits between 157.50 and 158.50, lining up with earlier intraday structure and resistance zones. Beyond that, the final target is marked near 159.00, matching a strong high on the chart. The projected path suggests a corrective rebound from demand rather than confirmation of a new trend direction.
⬤ USD/JPY often reacts sharply to liquidity events and quick sentiment shifts. Reactions from clear demand zones can spark volatility and influence price behavior across currency markets. Whether USD/JPY holds above 155.50 could determine if this selloff turns into consolidation or develops into a broader corrective move toward those higher resistance levels.
