USD/JPY Price Analysis: Yen pair retreats from six-month high near 138.50 amid overbought RSI

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• USD/JPY snaps six-day uptrend at the highest levels since November 2022, struggles to defend Yen buyers of late.
• Short-term support lines, previous resistance from March challenge pair sellers.
• Pair buyers may witness bumpy road unless crossing 140.00.

USD/JPY prints the first daily loss in seven days around 138.50 even as bears struggle during early Friday amid the market’s indecision. In doing so, the Yen pair prods a four-day-old ascending support line, as well as short-term ascending trend lines, to challenge the Yen pair sellers.