The USD/JPY pair continues to exhibit a bullish trend, recording new historical highs and moving within an intraday bullish channel. This is supported by positive US data and the Bank of Japan’s dovish monetary policy. The pair is expected to surpass the 145.00 level, opening the way for a continued rise towards 146.10. However, temporary sideways fluctuations may occur due to stochastic negativity. A break below 144.10 could halt the bullish wave and put the price under correctional bearish pressure. The expected trading range for today is between 144.00 support and 145.60 resistance.