Nevertheless, the hopes for a deal will likely keep the greenback on the backfoot for now unless we get another escalation. The only notable development was US Treasury Secretary Bessent’s remarks to CNBC potentially hinting to a faster BoJ tightening pace. The trend is unlikely to change without a dovish repricing in Fed interest rate expectations or a faster BoJ tightening pace. That’s where we can expect the sellers to step in with a defined risk above the resistance to position for a drop back into the 155.00 level. USDJPY TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we have a minor support zone around the 157.20 level.