Economic Calendar
Thursday may bring higher levels of volatility, considering both United States and Japan will present fundamental data that would impact FX pricing.
USD/JPY hourly chart analysis
In the short term, 148.000 support level is to be tested multiple times. If no level of breach occurs, continuation towards 150.000 might be in play. Further price action above the simple moving averages may be considered a bullish signal. However, the 146.000 resistance zone may be tested.Hourly Chart
USD/JPY daily candle chart analysis
Continuing previous week, sideways trading zone between the 142.100 and 148.700 levels may persist if market participants are unable to establish a clear directional bias. In the absence of strong fundamental catalysts or decisive technical signals, price action could remain range-bound within this channel.
Read More: Technical Analysis
Traders sentiment mixed
Trader sentiment remains balanced, with long positions accounting for 47% and shorts at 53%. There's no clear directional bias in USD/JPY.