USD/JPY: Assessing Downside Potential Amidst Sideways Consolidation

Market Observation and Technical Analysis

The USD/JPY pair is currently trading at 149.26, reflecting a modest 24-hour change of -0.24 (-0.16%). This price action aligns with the prevailing sideways trend observed on the charts, with the day's range confined between 148.89 and 149.62. My analysis indicates that the immediate upside is capped by established resistance at 149.62, a level that has proven resilient in recent sessions. The current positioning