USD/JPY breaks above 147.00 as yen weakens on global risk sentiment

USD/JPY climbed 0.8% to 147.35, decisively breaking above the psychologically important 147.00 level as the yen faced broad-based selling pressure. The move accelerated following Trump's tariff announcements, which sparked risk-off sentiment benefiting the dollar over traditional safe havens. Despite the yen's decline approaching intervention territory, Japanese officials have only issued verbal warnings without concrete action. The pair's momentum indicators show strong bullish signals, with the 14-day RSI at 68 and MACD extending positive divergence. Immediate resistance lies at 147.50, followed by the June high of 148.20. Support has formed at the broken 147.00 level, with stronger backing at 146.50. Market participants note the diverging monetary policies between the Fed and BoJ continue to drive the pair higher, with Japan's ultra-loose policy stance contrasting sharply with potential Fed hawkishness amid US fiscal expansion.