USDJPY bearish momentum persists as volatility supports yen strength

USDJPY continues to exhibit bearish characteristics as volatility conditions favor the Japanese yen's safe-haven appeal. The pair has been under persistent selling pressure, with technical indicators confirming the downward trajectory. Current market dynamics show the yen benefiting from its traditional role during uncertain market conditions, while the dollar struggles despite mixed economic signals. The Dollar Index futures reflect broader greenback weakness, adding to the bearish case for USDJPY. Technical analysis reveals strong resistance overhead, with previous support levels now acting as barriers to any recovery attempts. Momentum oscillators remain in negative territory, suggesting the path of least resistance remains lower. Key support levels are being tested, and a break below could accelerate the decline toward the next major technical targets. Traders are maintaining bearish positions, with volatility metrics supporting continued yen appreciation against the dollar in the near term.