🔍 Technical Overview
• Support Levels:
o 147.80–148.00 JPY: Current short-term floor and Monday’s low
o 147.20–147.30 JPY: Prior support zone (July 18 low)
o 145.00–146.00 JPY: Key long-term support (psychological/technical)
• Resistance Levels:
o 148.65–148.88 JPY: Last week’s range top
o 149.25 JPY: Potential breakout threshold per FOREX24 projections
o 150.00+ JPY: Major psychological and structural level

📰 Fundamental Highlights
• Election Shock: BOJ policy remains unchanged, but yen strengthened to 148.46 amidst political uncertainty from Japan’s upper-house election
• Trade Talks: Looming U.S.–Japan tariff deadline on August 1 adds volatility
• Global Yield Trends: Rising bond yields in the U.S. support dollar over yen, reinforcing USD/JPY upside

📅 Key Events This Week
• 📌 Wednesday, July 23 – Japan Flash Manufacturing PMI
• 📌 Thursday, July 24 – Japan CPI; U.S. Jobless Claims
• 📌 Friday, July 25 – U.S. Durable Goods Orders, Preliminary Q2 GDP

📈 Weekly Outlook & Strategy
🔼 Bullish Scenario
• Holding above 148.00 → aim for 148.65–148.88.
• A breakout above 149.25 could extend momentum toward 150.00+.
🔽 Bearish Scenario
• Breakdown below 147.80 would target 147.20–147.30, then 145.00–146.00.
• Yen appreciation from political stabilization or lower U.S. yields could shift momentum.