USD/JPY Weekly Technical Outlook: The pair upheld its bullish momentum last week, propelled by robust US Treasury yields and the Bank of Japan’s ongoing loose monetary policy. After testing support around 148.80, USD/JPY bounced strongly, closing well above key levels and maintaining an uptrend established since January 2023’s 127.20 low. Weekly RSI and MACD indicators remain favorable, with price trading above the 20- and 50-week EMAs, signaling continuation potential.

On the daily chart, USD/JPY respects a rising channel with crucial support at 148.80. Immediate resistance lies at 151.90—an important multi-year barrier—followed by 152.50 and 153.50, historic levels not breached since 1990. The 200-day EMA slopes upward, reinforcing longer-term bullishness. Should a corrective phase emerge, supports at 147.20, 145.85, and 143.35 could come into play. Overall, the trend structure of higher highs and lows points toward sustained upside momentum unless disrupted by major fundamental shifts. Traders should watch for a clear break above 151.90 to confirm a further rally toward mid-150s levels. #USDJPY #ForexAnalysis

USD/JPY remains in consolidation above key 154.53 support after failing to sustain recent rallies. Watch for a break above 158.50 to test April highs near 160.20 or a drop below 154.53 signaling deeper pullback. Fed-BoJ policy divergence keeps outlook uncertain—monitor upcoming data closely. Full analysis: actionforex.com/technical-outlook/usdjpy-outlook/607574-usd-jpy-weekly-outlook-421/