The USD/JPY pair has risen, with the US Dollar gaining strength against the Japanese Yen. The market’s focus remains on the Federal Reserve’s monetary policy outlook, with expectations for interest rate cuts in September increasing.

The Japanese Yen has faced pressure from the stronger US Dollar and the Bank of Japan’s (BoJ) cautious stance on monetary policy. While the BoJ is expected to raise interest rates further, the pace of tightening is likely to be gradual.

USD/JPY Technical Outlook

The USD/JPY pair has shown a bullish trend, with the potential for further gains. The pair is currently trading near the 146.90 level, with resistance at 147.50. A break above 147.50 could signal a continuation of the upward trend, with potential targets at 148.00 and beyond.