The bottoms in December 2023, September 2024, and April 2025 have triggered a strong surge in USD/JPY toward the 160 to 162 level.

But the rebound from April 2025 is more constructive as it produces a strong consolidation below the 160-162 zone.

This constructive price action near the 160 to 162 level increases the likelihood of upside breakout.

And if the USDJPY produces an upside breakout, it will likely trigger a strong surge in the pair.

To further understand the short term price action in USDJPY, another daily chart shows the red trend line. The trend line lies between the 160 and 162 levels. A break above this line will likely trigger the next surge in USDJPY.