BUY USDJPY – 153.423

Technical analysis shows an Asian‑session false break below the recent swing low, which was immediately retested and held, then a London‑session MSS reversal generated a bullish sweep into the 153.4 area. The 4‑hour chart contributes 25% weight, and the structure‑based stop at 153.273 protects the entry. Volume is elevated, indicating conviction. On the fundamental side, upcoming US CPI data suggesting higher inflation and the recent robust non‑farm payrolls point to continued Fed tightening, providing upside for the dollar. Meanwhile, the yen is under pressure after the Japanese election and BoJ comments on sticky inflation, limiting upside for JPY. The confluence of these technical signals and supportive macro backdrop justifies a buy position with tiered profit targets at 153.528, 153.618 and 153.798.