After choppy early trading, the USDJPY has shifted into a steady uptrend with minimal corrections. The day began with a dip during the Asian session, briefly pushing the pair below its 200-hour moving average (green line). However, buyers leaned against Friday’s low, reclaimed the 200-hour MA, and gained further momentum after breaking above the early session high near 144.63. That break triggered a stronger upside move that continues to stretch toward new highs.

Zooming out to the broader hourly chart, the pair is now approaching the 6月23日高点61.8%回撤 at 145.978, and a key 挥杆面积在145.919和146.288之间. This upper region has proven to be strong resistance in recent months. While buyers have managed to push above it twice — in May and late June — each breakout attempt quickly faded, reinforcing the range’s upper boundary.

The wider range over the past two months spans 142.105至146.288 (see red box). A firm move above 146.288 would mark a decisive break and strengthen the medium-term bullish bias.

从短期来看，现在的支持来自：

• 145.347: 50% retracement of the June high-to-low move

• 145.216: last week’s high

持有高于这些水平可使买家在盘中保持控制。跌破将缓解看涨压力，并重新将注意力集中在200小时均线上。