FxWirePro: USD/JPY recovers from early dip, upside limited

 • USD/JPY edged higher on Tuesday as traders assess the potential impact of a strong earthquake in Japan.

• A strong 7.5-magnitude earthquake struck northeastern Japan late on Monday, triggering evacuation orders for roughly 90,000 people and tsunami warnings that were later downgraded to advisories..

• Japan is a global hotspot for seismic activity, recording quakes as frequently as every five minutes; its position within the Pacific Ring of Fire means it contributes roughly 20% of the world’s earthquakes of magnitude 6.0 and above..

•The Bank of Japan’s next monetary policy meeting is set for December 18–19, 2025, with the policy decision and statement due on the second day.

• Ueda's comments at a Financial Times event later on Tuesday will be closely watched for signs of further tightening at future meetings.

• Immediate resistance is located at 157.43(Higher BB), any close above will push the pair towards 158.000 (Psychological level).

•  Support is seen at 155.77 (38.2%fib) and break below could take the pair towards 154.22 (SMA 20)

Recommendation: Good to buy  around 156.20 with stop loss of 155.50 and target price of 158.00