The USDJPY is pushing to a new session high, breaking decisively above the 200-day moving average at 149.53 and the 50% retracement of the 2025 decline at 149.375. The pair has also cleared the key psychological level at 150.00, with the current price trading at 150.26. Both the 200-day MA and the 50% midpoint now serve as critical support levels—remaining above them keeps the bullish bias firmly intact and places buyers in control.The next upside target is the April swing high at 150.48. A break above that would open the door toward the key resistance area near 151.20, followed by the 61.8% retracement of the 2025 range at 151.616.The Bank of Japan Rates unchanged and is not in a hurry to raise rates. The US and the EU now on hold and Japan still near ultra low levels, it argues for a weaker yen (higher USDJPY). The USD buying of late after sharp declines in 2025, are a tailwind for the currency pair. This article was written by Greg Michalowski at investinglive.com.