As USD/JPY buying pressure weakens on 3/21, is there a rebound at the fixing? Or more importantly, EUR/JPY?

Good morning

After yesterday's sharp drop on the FOMC, the rebound

has been limited to the 0.382 Fibonacci level

Today, might we go and look lower again?

In that case, how far will it fall

If there is no new low, the uptrend will resume

Chart Analysis

4-hour chart

It fell from breaking the 4-hour uptrend line,

but it did not rise again after breaking it

The buying pressure also seems to be weakening

Right now it is at the stage of breaking 148.195

1-hour chart

It is being held by the blue line

Whether it breaks above here or the 20 MA

It seems like a range may continue for a while

15-minute chart

It was moving within an ascending channel

Now it may break lower with a flag break, or revert higher and continue the uptrend, a crossroad

Today a new pivot line has been added

R1 is near 149.119, close to the green half-retrace line

Pivot is at 148.641

S1 is at 148.332

The chart tends to converge to the pivot, so

should we first expect a drop?

The FRB slowdowns quantitative tightening pace

At the FOMC, growth outlooks
were revised downward, and inflation forecasts
instead rose. If you only look at the numbers,
the risk of stagflation
becomes evident, and the dollar/yen is sold,
while US equities welcomed lower interest rates,
rising

Trump’s tariffs have made the FRB’s job
much more difficult

The Swiss National Bank trimmed rates as expected,
and this rate-cutting cycle may be nearing its end,
as European stocks were all pushed into profit-taking,
and with Germany's policy shift,
European stocks rising and the euro progressing
appears to be entering a corrective phase

However, since this seems like a correction,
buying the euro where it softens could be worthwhile?