Let $w=f(z)=j\dfrac{1-z}{1+z}$. The inverse image of the real axis is the set of $z$ for which $w\in\mathbb{R}$. If $w$ is real, then
\[
\frac{1-z}{1+z}=\frac{w}{j}=-jw \Rightarrow \text{purely imaginary}.
\]
Write $z=e^{j\theta}$ (points on the unit circle). Then
\[
\frac{1-z}{1+z}=\frac{1-e^{j\theta}}{1+e^{j\theta}}
= \frac{e^{j\theta/2}\!\left(e^{-j\theta/2}-e^{j\theta/2}\right)}
{e^{j\theta/2}\!\left(e^{-j\theta/2}+e^{j\theta/2}\right)}
= \frac{-2j\sin(\theta/2)}{2\cos(\theta/2)} = -j\tan\!\left(\frac{\theta}{2}\right),
\]
which is purely imaginary, hence $w=j\!\left(\frac{1-z}{1+z}\right)$ is real. Conversely, if $w$ is real, the above ratio is purely imaginary, which implies $|z|=1$. Therefore $f^{-1}$ maps the real axis to the unit circle (centre 0).