The USD/JPY remains within the ascending channel with key support being at 151.60. The next upside target is the 78.6% Fib at 157.17.
But today, we want to focus more on the potential of a breakdown since that will have major technical repercussions.
It will both open the D/S for the pair and lead to a breakdown in the Nikkei 225. 149.25 will be the 1st D/S target for the pair.