USD/JPY rebounds from 155.29 support as bears fail to break key MA

USD/JPY declined to test the 200-bar moving average at 155.29 during Asian trading before rebounding into neutral territory. The pair's downward probe mirrored Thursday's price action, where sellers similarly failed to sustain momentum below this critical technical level. The quick recovery suggests strong buying interest at the 155.29 support zone, with the 4-hour chart showing renewed consolidation above the moving average. Market participants are closely monitoring whether bulls can maintain control above this key technical threshold. The repeated defense of 155.29 establishes it as a significant support level, while resistance likely emerges near recent highs. Traders should watch for a decisive break below 155.29, which could signal further downside toward 154.50, or a push above 156.00 that might reignite bullish momentum. The current neutral range suggests market indecision ahead of potential catalysts.