USD/JPY Weekly Outlook

The USD/JPY pair has shown a notable increase, resuming its rise from a low of 139.87 by breaking through resistance at 157.88 last week. The initial bias remains on the upside for this week, with forecasts suggesting a move towards the 161.8% projection of the rally from 142.66 to 150.90, starting from 145.47, targeting 158.80. This movement indicates a strong bullish momentum underpinned by robust economic indicators from the U.S. and a comparative analysis of Japan's slower economic recovery.