The USDJPY extended above its 200-day moving average and
the 50% midpoint of the 2025 trading range last week, signaling a bullish
breakout. However, that bullish momentum was abruptly reversed after the weaker-than-expected
U.S. jobs report, which triggered a sharp decline.
By the close, the pair had fallen below the 100-bar
moving average on the 4-hour chart, currently at 148.00 (blue line),
shifting the short-term technical bias in favor of sellers. The downside
momentum has continued, with the price extending to new session lows.
Adding to the bearish tone is the price action on the
hourly chart (see the chart below), where sellers leaned against the 200-hour
moving average, currently at 148.15 (green line). The failure to
break above this level on the rebound confirms it as near-term resistance
