It seems that USD/JPY will continue its downward trend, already for four consecutive days, moving below 153.00 and approaching the two-week low. The fundamental factors are quite clear: the Bank of Japan remains hawkish with its policy, continuously supporting the Japanese yen, while the US dollar is struggling amid uncertain economic data and expectations of a Fed rate cut.

From the chart perspective, the price is above the 200-day EMA line at 152.50, but it is approaching it, and if it drops below, further downside could occur. The 38.2% Fibonacci level around 152.00-151.95 should serve as a key support. If it breaks below this, the target could be 149.68. The chart shows that the MACD is below the signal line and below zero, with a negative histogram expanding. The RSI is at 36, indicating that sellers still have momentum.

If the price can recover above the 200-day EMA and hold above the 38.2% Fibonacci level, downward pressure may ease. However, until the signals improve, the rebound could remain limited. Bearish traders are waiting for a continued breakout, and the weekly chart still supports the downtrend. It is important to monitor the potential for further movement.