The USDJPY pair witnessed a slight pullback during recent intraday trading after facing resistance at the key level of 159.75. This decline appears to be an attempt to regain positive momentum that could help the price break above this resistance. At the same time, the pair is working to ease its overbought conditions on the relative strength indicators, with emerging negative signals.

Despite this, the main short-term trend remains bullish, supported by movement along an upward trendline and continued trading above EMA50, which acts as dynamic support and reinforces the upward bias in the near term.