USD/JPY Breaks Higher – Bullish Momentum Targets 148.40
U.S. Dollar / Japanese Yen FOREXCOM:USDJPY
USDJPY USDJPY USD/JPY continues to climb, extending gains above the key 146.00 breakout level, supported by Fed–BoJ policy divergence and rising geopolitical tensions. Despite Japan’s strong CPI and PMI prints, the BoJ maintains a dovish tone, while tariff concerns continue to cap yen sentiment. The Middle East conflict further fuels demand for the USD as a safe haven.
Technically, the pair confirmed a bullish breakout, with price hugging the upper Bollinger Band – a sign of sustained upside pressure. As long as 146.00 holds, bulls may aim for the 148.40 monthly resistance.
Key Levels :
- Resistance : 146.75 / 148.40
- Support : 146.00 / 145.25
⚠️ Momentum favours the upside while above 146.00. Break below may trigger short-term pullback toward 145.25.
source https://www.tradingview.com/chart/USDJPY/LU9a1V8k-USD-JPY-Breaks-Higher-Bullish-Momentum-Targets-148-40/
source https://www.cryptomadden.com/2025/06/usdjpy-breaks-higher-bullish-momentum.html
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