🔍 Technical Overview
• Support Levels:
o 146.50–146.55: Short-term support aligned with 50-day EMA
o 145.90–146.00: Former resistance now near-term floor
o 145.00–145.50: Broader support zone if EUR/JPY dips further
• Resistance Levels:
o 147.45–147.50: Clustered near current highs and key psychological area
o 148.00–148.65: Next upside targets, tied to upper price envelope
o 149.00+: Major target if bullish momentum carries
• Indicators:
o Recent close above 100-day SMA confirms bullish bias
o RSI and oscillators remain positive—not yet overbought

📰 Fundamental Drivers
• U.S. Yield Surge: Climbing U.S. bond yields continue to benefit the USD/JPY carry trade
• Tariff Developments: Rising U.S. tariffs on Japanese goods are triggering safe-haven flows into USD
• BoJ vs. Fed Policy Gap: BoJ remains dovish while Fed holds firm—this divergence supports USD/JPY strength
• Safe Haven Dynamics: Yen strength remains fragile despite occasional risk-off pressures

📅 Key Events This Week
• Wednesday, July 16 – Bank of Japan TANKAN index release
• Thursday, July 17 – U.S. Initial Jobless Claims
• Friday, July 18 – U.S. Non Farm Payrolls (NFP)

📌 Weekly Outlook & Strategy
🔼 Bullish Case
• Keep positions above 146.50 → aim for 147.45–147.50
• Break above 147.50 → next targets at 148.00–148.65, possibly towards 149.00+
🔽 Bearish Case
• A drop below 146.50 may pull price toward 145.90–146.00
• Further slide below 145.00 would confirm a deeper retracement