🔍 Technical Overview
Support Levels
145.00 – Psychological and intraday demand zone
144.60 – Weekly low
143.50–144.00 – Deeper support range if weakness extends
Resistance Levels:
145.90 – Weekly high
146.50–147.00 – Next target range
148.00 – Long-term channel upper bound
Indicators:
RSI near 50 – Neutral momentum, potential movement in either direction
Price holds above 50-day EMA (~145) — Indicates mild bullish bias
MUFG notes: Rebounded after a dip to 143.66, supported by mixed global cues, with 145.77 reached post-FOMC
📰 Fundamental Highlights
Fed Dovishness: U.S. central bank signaled patience, tempering USD yields and supporting the yen; broader dollar resilience keeps USD/JPY elevated
Geopolitical & Risk Sentiment
Oil-Driven Flows: Rising oil prices earlier in the week pressured yen via carry-trade dynamics
📅 Key Events to Watch This Week
June 25 (Wed) – U.S. Fed meeting minutes and policy commentary
June 27 (Fri) – Japan economic data; updated Japanese fiscal signals
Global
📌 Weekly Outlook & Strategy
🔼 Bullish Scenario
Maintains position above 145.00–145.60 → potential for 145.90–146.50
Break above 146.00 with momentum could lead to 148.00
🔽 Bearish Scenario
Fall below 145.00 could result in 144.60, then 144.00–143.50
Close below 144.60 on daily basis would indicate a deeper correction