USD/JPY – Monday, July 7, 2025.
With the release of positive US economic data and the BOJ's policy stance remaining Dovish, today USD/JPY has the potential to strengthen.
Key Levels
1. Resistance. 2 : 145.35.
2. Resistance. 1 : 144.93.
3. Pivot : 144.56.
4. Support. 1 : 144.14.
5. Support. 2 : 143.77.
Tactical Scenario
Positive Reaction Zone: If the Pivot level of 144.56 is strong enough to withstand the momentary downward correction that occurs in USD/JPY, it will bring USD/JPY back up to 145.35
Momentum Extension Bias: If 145.35 is successfully broken and closes above it, USD/JPY has the potential to continue strengthening again to 145.72.
Invalidation Level / Bias Revision
Upside bias weakens when the correction price weakens down to break and close below 143.77.
Technical Summary
The condition of the EMA 50 which is still a golden cross is above the EMA 200 and the RSI (14) which is at 64.81 means that the momentum condition is Neutral Bullish, giving a strong indication that in the near future USD/JPY will still move positively Bullish.
Economic News Release Agenda:
1. Japan Average Cash Earnings y/y - 06:30 WIB.
2. Japan Leading Indicators - 12:00 WIB.
