The Japanese yen is gaining strength as the USD/JPY pair records a notable weekly decline of -0.9%. Currently, it has broken below the first support level of 146.60, hitting an intraday low of 146.21 on August 14. The continued pressure on the dollar stems from market speculation regarding future monetary policy shifts in Japan that may bolster the yen further. Traders should prepare for potential volatility as this pair navigates through pivotal technical levels in the coming days.