USD/JPY Analysis: Downtrend Persists as Market Holds Below Key Levels

In the latest trading sessions, the USD/JPY currency pair printed a high around 149.18 but subsequently experienced a downward shift. If prices remain below the 149.30-50 range, the downtrend is set to continue. Current support levels sit at approximately 145.90.

The persistence of a downtrend in the USD/JPY reflects ongoing market pressures that traders should be aware of. Those holding positions should closely monitor for any shifts that could lead to a change in momentum.

Traders are encouraged to keep an eye on these critical levels. A breach above 149.50 could signal a shift in sentiment, while maintaining below this threshold may affirm bearish positions in the near term.