The USD/JPY is currently maintaining bullish momentum, staying above both the 50-day and 200-day Exponential Moving Averages (EMAs)

The USD/JPY is currently maintaining bullish momentum, staying above both the 50-day and 200-day Exponential Moving Averages (EMAs). If it reaches the 150 mark, it could prompt further bullish movement towards the resistance level at 151.685.

Investors should pay attention to the upcoming Bank of Japan monetary policy decision, forward guidance, and US housing sector data. Conversely, if the USD/JPY drops below the support level at 148.529 and the 50-day EMA, it could lead to a potential decline towards the 147.500 level.

With the 14-day Relative Strength Index (RSI) at 51.84, there's room for the USD/JPY to climb towards the 151 mark before reaching overbought territory.