USD/JPY Strategy - Nuclear War Risk Eases, Safe-Haven Demand Declines

Fundamental Analysis:
Yesterday's market movements were quite volatile. Initially, the U.S. provision of long-range missiles to Ukraine triggered a sharp response from Russia, which stated it would relax the use of nuclear weapons, causing safe-haven assets like gold and the yen to surge significantly. However, later, Russian Foreign Minister Sergey Lavrov mentioned that every effort would be made to avoid a nuclear war, which quickly eased market tensions, making it difficult for the yen to maintain its upward momentum.

Technical Analysis:
On the USD/JPY one-hour chart, the price broke below a previous support level but quickly rebounded and reached a new recent high, indicating a resurgence of buying pressure. If subsequent pullbacks do not break prior support levels, it could support further upward movement, suggesting a preference for long positions.

Trading Suggestion: Consider a short-term long position at 155.25, with a stop loss below 154.50 and a target of 156.24.

Support Level: 155.25 Resistance Level: 156.24
(Trading involves risks. Suggestions are not guaranteed for profit, and investors should evaluate their capital and risk management.)