Yesterday, the USD/JPY pair broke above the signal level of 148.03 (the June 23 high). Today's session opened above this level, and at the same time, the Marlin oscillator's signal line moved above the boundary of the uptrend zone. This synchronization of signals reinforces the upward bias.

The target level of 149.38 will likely be surpassed, with the price heading toward the next target of 152.25, attempting to test the upper boundary of the price channel.

On the four-hour chart, the breakout above the intermediate level of 148.03 occurred at the point where it intersected with the MACD line—a strong price action signal. The price has now consolidated above both the level and the MACD line. We expect the upward movement to continue.