Technical Overview (Bullet Format)
• Support Levels:
o 146.65 – Short-term support zone; Fibonacci/EMA confirmation
o 146.00–146.20 – Deeper support if current zone breaks
o 144.00–142.05 – Extended bearish target if breakdown escalates (breaking 142.05 opens decline toward 138.65)
• Resistance Levels:
o 147.50–148.00 – Immediate resistance; price currently testing this range
o 149.00–151.65 – Medium-term upside zones; closing above 151.65 would signal bullish breakout
• Key Indicators:
o Downward channel visible; moving averages indicate bearish bias
o RSI attempting to recover from oversold, hinting at possible support-based bounce

Fundamental Highlights
• U.S. Policy Impact: Weak NFP data and political upheaval in the U.S. spurred Fed rate cut pricing and a weaker dollar overall.
• Yen Outlook: The Japanese yen remains structurally weak due to persistent interest rate differentials, with tapering expectations encroaching on BOJ’s dovish stance.

This Week’s Key Events
• Wednesday: Fed meeting minutes (market watchers await clarity on Fed’s stance)
• Thursday: Japan's BoJ policy update (potential intervention signal)
• Friday: U.S. Non-Farm Payrolls and USD data releases (NFP remains high-impact)

Weekly Strategy & Scenarios
Bullish Scenario
• Holding above 147.50 — could propel upside toward 149.00–151.65, particularly if RSI climbs and breakout holds.
Bearish Scenario
• A breakdown below 146.65 — may spark decline toward 144.00–142.05. Breaking 142.05 would open downside toward 138.65.