During the Asian session, the Japanese Yen (JPY) continued to decline, as a US federal court decision to block President Donald Trump’s planned tariffs weakened safe-haven assets. Additionally, concerns about Japan’s high debt levels added to the JPY’s downward pressure. This, along with strong demand for the US Dollar (USD), pushed the USD/JPY pair to a two-week high on Thursday. However, expectations that the Bank of Japan (BoJ) could raise interest rates in 2025 provided some support for the JPY. On the other hand, the market’s belief that the Federal Reserve (Fed) will lower interest rates further is in contrast to the BoJ’s more hawkish outlook, limiting losses for the lower-yielding JPY. Furthermore, worries about the worsening US fiscal situation prevented the USD from gaining even more against the JPY. From a technical perspective, the USD/JPY pair paused its upward momentum near the 50% retracement level from its recent high, with the Relative Strength Index (RSI) showing slightly overbought conditions on hourly charts. However, oscillators on the daily chart have just begun to show positive movement, suggesting a continuation of the weekly uptrend. Therefore, any corrective pullback beneath the 145.35 area (38.2% Fibonacci retracement level) could present a buying opportunity, with resistance expected near the psychological level of 145.00. If this level is broken, the next support could be found near the 200-period Simple Moving Average (SMA) on the 4-hour chart. On the other hand, USD/JPY buyers may wait for the pair to firmly break above the 146.00 mark before initiating new positions. In this case, the spot price could accelerate towards the intermediate hurdle of 146.70-146.75, followed by the round figure of 147.00 and then the next relevant resistance near the 147.60 zone. If buying momentum continues, the USD/JPY could reach the monthly high around 148.65, surpassing the 148.00 level.