The USD/JPY pair continues its upward momentum for the second consecutive day, recording a new weekly high at 145.09, driven by positive U.S. economic data released on Friday. The strong non-farm payroll report, along with rising U.S. Treasury yields and improved sentiment towards U.S. assets, has supported the dollar's performance.

At the time of writing this report, the pair is trading near the level of 144.83, achieving gains of 0.87%. Over the past five days, the pair has moved within a sideways range between 142.00 and 145.00, and it now seems to be approaching a breakout from the Ichimoku Cloud (Kumo), which could pave the way for further upside if the breakout is confirmed.

From a technical standpoint, the shift in the Relative Strength Index (RSI) towards an upward trend, after surpassing the neutral line of 50, indicates that the bullish momentum is starting to strengthen, suggesting the possibility of continued gains in the upcoming sessions.