USD/JPY bulls target 149.00 but face tariff deadline resistance

USD/JPY advances 0.2% to 148.75 as dollar bulls attempt to push toward the psychological 149.00 level, though momentum appears capped by looming US tariff deadlines. Technical indicators suggest bullish momentum with the pair trading above its 50-day moving average at 148.40, while RSI readings near 58 indicate room for further gains. However, traders remain cautious ahead of potential US trade policy announcements that could trigger risk-off sentiment and yen safe-haven flows. Immediate resistance stands at 149.00, with a break potentially opening moves toward 149.50. Support levels are established at 148.40 and 148.00. Market positioning suggests bulls maintain control, but any negative trade headlines could quickly reverse gains given the yen's haven status.