The USDJPY trades to new highs after the dust from the economic data settles. | investingLive

The USDJPY is pushing to a new session high, breaking decisively above the 200-day moving average at 149.53 and the 50% retracement of the 2025 decline at 149.375. The pair has also cleared the key psychological level at 150.00, with the current price trading at 150.26. Both the 200-day MA and the 50% midpoint now serve as critical support levels—remaining above them keeps the bullish bias firmly intact and places buyers in control.

The next upside target is the April swing high at 150.48. A break above that would open the door toward the key resistance area near 151.20, followed by the 61.8% retracement of the 2025 range at 151.616.

The Bank of Japan Rates unchanged and is not in a hurry to raise rates. The US and the EU now on hold and Japan still near ultra low levels, it argues for a weaker yen (higher USDJPY). The USD buying of late after sharp declines in 2025, are a tailwind for the currency pair.