🔍 Technical Overview
• Support Levels:
o 143.30 – 143.80: Daily intraday support and prior correction lows
o 142.44 – 142.72: Zone of the recent swing low
o 141.40: MACD line region that would shift broader trend if breached
• Resistance Levels:
o 145.25 – 145.33: Resistance zone noted in FX.co and FXStreet forecasting
o 145.90 – 146.00: Last week’s high and psychological level
o 149.75+: Upper boundary—breakout above would confirm bullish reversal
• Indicators:
o EMA/RSI: Price is supported by 50 day EMA with RSI turning positive, indicating short-term bullish bias
o Momentum Signal: Marlin oscillator suggests possible continued pullback to 143.77, but MACD consolidation confirms still bullish structure

📰 Fundamental Highlights
• U.S. Data Boost: Strong labor and economic reports lifted USD and softened downtrend from early week lows
• Trade-War Pressure: Tariff headlines and yen strength from trade dealings created mixed flows
• BoJ vs Fed Divergence: Bank of Japan remains dovish while Fed keeps its stance firm, maintaining upward pressure on USD/JPY

📅 Key Events to Watch
• Tuesday (July 8) – Japanese Tankan Manufacturing Index
• Thursday (July 10) – U.S. Initial Jobless Claims
• Friday (July 11) – U.S. Nonfarm Payrolls (NFP)

📌 Weekly Outlook & Strategy
🔼 Bullish View (Base Case)
• Hold above 143.80, targeting resistance at 145.25–145.33
• A confirmed breakout above 145.90 could trigger a rise toward 149.75+
🔽 Bearish Scenario
• A breakdown below 143.30 could lead to retests of 142.44–142.72
• A decisive drop under 142.00–141.40 would indicate a shift to bearish trend