USD/JPY: Bullish Momentum Targets 161.94 and 163.47 After Breakout

USD/JPY has resumed its rally from the 139.87 base, breaking through the 160.71 level last week and signaling continued upside momentum. The pair is now eyeing the 161.94 swing high as the immediate resistance, with the broader bullish structure intact. A firm break above 161.94 would open the door toward the 100% projection target at 163.47, measured from the 152.25–160.71 leg originating at 155.01. The near-term bias remains bullish as long as the 160.58 minor support holds. A break below that level would neutralize the intraday bias and suggest a pause in the uptrend. Traders should watch price action closely around 161.94 — a clean breakout there would confirm the next leg higher toward 163.47.