USD/JPY – Bearish Momentum Intensifies

The USD/JPY extended its decline on Tuesday, breaking below the 143.00 level after violating key Fibonacci support at 143.23 (61.8% retracement of the 139.88–148.64 rally).

The downtrend from the June 23 spike high of 148.02 remains firmly intact, with immediate support levels at 142.30 (daily higher base) and 141.95 (76.4% Fibo), both shielding the critical psychological support at 140.00 and the 2025 low of 139.88 (April 22).

Technical indicators on the daily chart are fully aligned to the downside, showing increasing negative momentum and reinforcing the bearish outlook following the recent break below the Ichimoku cloud.

A daily close below the broken 143.23 Fibo level would confirm the continuation of the bearish trend.

However, oversold conditions on the daily chart suggest a potential pause, with scope for brief consolidation or limited corrective rebounds.

Any recovery is expected to remain capped below the cloud base at 144.35 to maintain bearish pressure.

Res: 143.23; 143.75; 144.05; 144.26
Sup: 142.79; 142.30; 141.95; 141.61