USD/JPY Continues Uptrend
The USD/JPY pair continues to move in an upward trend on the 4-hour timeframe. Prices rose from the 146.40 level, which represents a DVFG zone. The previous corrective downtrend shifted to an uptrend after breaking the 147.00 level. Currently, the pair is trading around 148.18, and further upside is expected today as the yen shows considerable weakness.

Major Economic Events in Focus
This week, the U.S. dollar awaits key events, including the Non-Farm Payrolls report and Jerome Powell’s speech following the Fed’s interest rate decision. The Bank of Japan is also set to announce its policy rate decision. These events are expected to significantly impact USD/JPY movements.

 Liquidity Levels and Price Targets
The pair is expected to rise and target 148.40, then 149.20, followed by 149.90.
The bullish outlook will be invalidated if the price drops to 146.40.