USDJPY and DAX present key trading setups ahead of risk events

USDJPY is consolidating near 150.50, showing indecision ahead of Wednesday's Federal Reserve decision and Friday's Bank of Japan meeting. The pair has formed a symmetrical triangle pattern on the 4-hour chart, suggesting an imminent breakout. Technical indicators point to resistance at 151.00 and support at 149.80, with momentum oscillators remaining neutral. The DAX index is testing crucial resistance at 20,000, supported by expectations of ECB rate cuts and improving German economic sentiment. GBPUSD remains range-bound between 1.2700-1.2750, while AUDUSD struggles below 0.6450 amid China concerns. Traders are positioning for potential volatility spikes as central bank decisions loom. A hawkish Fed could propel USDJPY toward 152.00, while dovish surprises might trigger a breakdown toward 149.00. Risk sentiment remains fragile, with safe-haven flows ready to accelerate on any policy disappointments.