From a technical perspective, a break above the 153.25–153.30 level, which marks the monthly high, and a further increase in buying activity beyond this zone, would provide a new catalyst for USD/JPY's upward movement.Given that oscillators on the daily chart remain positive and are still far from overbought territory, spot prices are likely to target the key psychological level of 154.00. This bullish momentum could extend further, pushing the pair toward the 154.75–154.80 level and the psychological level of 155.00.
On the other hand, the Asian session low near 152.56 acts as immediate support. A break below this level could drive USD/JPY toward intermediate support at 152.25, followed by the psychological level of 152.00. A decisive drop below 152.00 would invalidate the bullish outlook, triggering technical selling pressure and opening the path to deeper losses toward the 151.10–151.00 level, and potentially the psychological level of 150.00.
