The USDJPY pair declined during its latest intraday trading after successfully breaking above the key resistance level at 159.00. The price is currently taking profits from its previous gains while attempting to ease part of its clear overbought condition on the relative strength indicators, especially with the beginning of a negative crossover appearing on the indicator.

This pullback may help the pair regain positive momentum that could support a renewed upward movement. The main bullish trend remains dominant in the short term, with price movements continuing alongside a supporting trendline that reinforces this path. In addition, the dynamic support from trading above EMA50 continues to strengthen the chances of the pairs recovery.