USDJPY shows bullish momentum ahead of "Liberation Day."

The US dollar gained some support on Monday after strong economic data from the US. However, these gains were not widespread. Investors reacted to weak consumer confidence, which led to rising inflation expectations. The market is expecting two to three rate cuts this year, creating a cautious mood as "Liberation Day" approaches on April 2nd. In Japan, there have not been significant changes in economic conditions. Bank of Japan Governor Ueda reiterated previous statements. The market anticipates around 36 basis points of tightening by the end of the year, particularly watching inflation data and upcoming US tariff plans. In technical analysis, the USDJPY currency pair has moved above a major trendline this week. This could lead to a rally toward the 160.00 level. However, sellers will be looking for a drop back below the trendline to target lower prices. On the 4-hour chart, there is a clear upward trend, indicating bullish momentum. Buyers may find favorable risk-to-reward setups near the trendline. Conversely, sellers will seek to regain control by pushing prices below this trendline. The 1-hour chart shows little additional insight, with focus on the trendline around 149.50. There are also daily average ranges lined out for this setup. Looking ahead, the US Jobless Claims figures will be released tomorrow, followed by the Tokyo Consumer Price Index on Friday, along with the US PCE report.