USDJPY rally picks up again following a short break.

USDJPY resumes its uptrend on Monday, hitting a new multi-decade high just shy of the 154.00 mark after a brief pause last Thursday and Friday.

Conditions, with last week’s close above key barriers at the 152.00 zone signaling further bullish momentum.

Resistance levels are seen at 154.00/25, with targets at 155.00/29. The near-term bias remains bullish as long as the price stays above the rising 10-day moving average at 152.32, though a breach of strong support at the 152.00 zone could lead to a deeper pullback.

While concerns about intervention from Japanese authorities have eased, markets remain cautious as intervention to support the weakening yen remains a possibility.

Res: 154.00; 154.25; 155.00; 155.29

Sup: 152.94; 152.32; 152.00; 150.80