USD/JPY bearish as pair tests critical support near 149.00

USD/JPY faces intensified selling pressure as the pair approaches crucial support at 149.00, with technical indicators signaling further downside potential. The pair has declined 0.6% (90 pips) to 149.20 in Tuesday's session, breaking below the 50-day moving average at 149.85. Average True Range (ATR) analysis indicates elevated volatility at 1.2%, suggesting potential for sharp movements. The Dollar Index futures weakened to 101.50, adding pressure on USD/JPY. Japanese officials' verbal intervention warnings near 150.00 continue capping upside attempts. Technical analysis reveals immediate support at 148.80 (August low), with resistance now at 149.85. A decisive break below 148.80 could accelerate losses toward 147.50. Traders are positioning for potential Bank of Japan policy shifts, while monitoring US economic data releases that could influence Federal Reserve expectations and dollar direction.