🔍 Technical Overview
Support Levels:
• 143.50 – Recent swing low and support area
• 142.40 – Weekly low
• 141.00–141.50 – Next support zone
Resistance Levels:
• 144.97 – 145.00 – Weekly high
• 146.00 – Short-term resistance
• 148.00 – Longer-term resistance
Indicators:
• The RSI is hovering around neutral (~50) with no overbought signal.
• The price has risen above the 50-day EMA (~143), indicating a mild bullish bias.
• Momentum remains cautious while the price stays between support and resistance ranges.
📰 Fundamental Highlights
• USD Weakening: The dollar eased after strong US jobs data, as focus shifted to US-China trade talks in London.
• Yen Strength: The yen rallied following slightly stronger-than-expected Japanese GDP data.
• Trade & Policy Risk: Ongoing US-China negotiations and key US inflation prints will be critical for the next USD direction.
📆 Key Events to Watch
• June 10 (Tue) – US CPI
• June 12 (Thu) – Fed policy meeting and US economic projections
• June 14 (Sat) – Bank of Japan policy statement
🧭 Weekly Outlook & Strategy
Bullish Scenario:
• If USD/JPY holds above 143.50, a retest of 145.00 – 145.50 is likely.
• A breakout above 145.00 could test 146.00 – 148.00.
Bearish Scenario:
• A drop below 143.50 opens downside risk toward 142.40, then 141.00.