The US Dollar (USD) had been doing well recently

The US Dollar (USD) had been doing well recently after the US Consumer Price Index (CPI) report, but now it's not so strong at the beginning of the week. This is affecting the USD/JPY pair. Some Federal Reserve (FED) officials have suggested that the FED might delay raising interest rates in November because treasury bond yields have gone up a lot, making it harder for people to borrow money. Because of this, people who like to buy USD are being careful, and this is making it tough for the USD/JPY pair. Additionally, there's talk that Japan might step in to help its currency (the Japanese Yen or JPY) from getting too weak. But on the other hand, the Bank of Japan (BoJ) is taking a careful approach and not planning to reduce its big financial support. This helps support the USD/JPY pair because it means people are less worried about Japan's currency getting weaker.

The pair is hovering around 149.55 level and still 148.75 level (21-Daily Simple Moving Average) could act as a support. If that level is broken, we are following 148.15 level. On the upside, 149.80/85 region is still as a resistance, next 150.15 level.