USDJPY OUTLOOK

On the monthly chart, we have a larger bearish trend. Presently, the price seems to be seeking the unmitigated supply at 156 price handle. Once we have a mitigated supply, we will be looking for sell limit orders targeting the monthly fair value gap and flip zone at 116.5 price handle.
On the weekly charts, upon refinement. we have equal highs at 159 price handle representing a strong liquidity zone in addition to the unmitigated order block at 153 price handle.
On the daily charts, we maintain the same bullish bias in Q2. Thereafter we will be looking for sell orders.