USD/JPY Drops Sharply, Targeting 149.91

USD/JPY continues its downtrend as sellers dominate the market, with the price hovering around 152.00. The 4-hour chart shows that the pair remains pressured below the 34 EMA and 89 EMA, reinforcing the bearish momentum. The Japanese Yen is gaining strong support as Trump's new tariffs fuel demand for safe-haven assets, while expectations that the Bank of Japan (BoJ) will continue raising interest rates further strengthen the JPY.

The key resistance at 152.33 will be a crucial test. If the price reaches this zone but fails to break through, selling pressure is likely to resume. The nearest support at 149.91 plays a critical role—if it breaks, USD/JPY could slide further toward 149.50 or lower.

Sell on pullback to resistance:
Entry: 152.30–152.50
Take Profit (TP): 149.91 and further at 149.50
Stop Loss (SL): 152.80
Sell on support breakout:
Entry: When the price breaks and closes below 149.91
Take Profit (TP): 149.50
Stop Loss (SL): 150.30