USDJPY 2-hour market analysis

The USD/JPY 2-hour chart previously showed sustained upward movement and is currently in a high-level consolidation phase. The resistance above is the intraday high at 163.93, with the previous high of 163.98 serving as a stronger resistance. The support below is the intraday low at 163.65, with secondary support at 163.60. In the short term, the pair is expected to maintain high-level consolidation. If it breaks above 163.93 effectively, further upward movement may be expected.