USDJPY BEARISH PROJECTION

USD/JPY experienced a strong decline, breaking below key hourly support and a significant trend line. The pair has since recovered from its lows, holding near the 50% retracement level and a support zone identified on the left after filling a crucial fair value gap. However, downside momentum still appears likely once the market settles from the current pullback, as the price has fallen below a critical resistance zone. We anticipate further downside movement, with potential retests of the lows at 151.6 and 149.3.