USD/JPY – Dollar Supported by Safe-Haven Flows

The USD/JPY pair rose 0.7% on Monday morning, supported by strong safe-haven flows amid growing risk aversion in global markets.

The pair extended its rally and broke through the daily Ichimoku cloud (spanning 144.74 to 145.54), with increasing pressure on the upper boundary following a decisive move above key resistance at 145.35/145.38 — the 50% Fibonacci retracement levels of the 148.64–142.11 and 148.02–142.68 declines.

A clear break and close above the cloud top would confirm a fresh bullish signal, potentially paving the way for further gains toward 146.00 and beyond.

Res: 145.54; 145.96; 146.15; 146.30
Sup: 145.20; 144.97; 144.74; 144.31