The USDJPY is stretching even higher, extending above the May and June highs today and above a swing area between 148.56 and 148.73. The next target comes at the 50% midpoint of the 2025 trading range area (from the January high to the April low). That midpoint level comes at 149.375. Moving above that level would be another step in the bullish direction. This article was written by Greg Michalowski at www.forexlive.com.