As of April 25, 2024, USD/JPY has breached the significant psychological resistance level at 155, signaling a notable bullish momentum. This breakthrough suggests a reassessment of intervention risks by the Ministry of Finance (MoF) and the Bank of Japan (BOJ), with the absence of immediate action emboldening traders to push the pair higher. The ascent above 155.50 indicates a bullish trend, supported by a robust carry trade environment and technical confirmation of the breakout. Anticipation of a positive U.S. Q1 GDP print further reinforces the bullish sentiment, although risks exist from disappointing U.S. data or Fed rate cut trajectory shifts. Looking ahead, upcoming economic releases like Tokyo CPI USD/JPY has breached the psychological resistance level at 155, signaling a significant bullish momentum driven by reassessment of intervention risks by Japanese authorities.

The currency pair's ascent above 155.50 confirms the upward breakout, with potential targeting of the 156 mark. The technical landscape is supportive, underpinned by a robust carry trade environment.

Anticipation of a positive U.S. Q1 GDP print reinforces the bullish sentiment, while risks exist from disappointing U.S. data or unexpected Fed rate cut trajectory shifts.

Market Sentiments: Positive sentiment prevails at 60%, reflecting diminished intervention risk and favorable yield differentials supporting the USD/JPY rally. Downside risks appear contained, with market focus on carry trade benefits.

USD/JPY's breach of the psychological resistance at 155 signifies significant bullish momentum, supported by reassessment of intervention risks and technical confirmation. Anticipation of positive U.S. Q1 GDP print further bolsters the bullish sentiment. While downside risks exist, upcoming economic releases may not significantly impact the current trend unless unexpected policy shifts occur.