Economic Calendar
Volatility should be expected, although only U.S. would be providing fundamental data this week.
USD/JPY hourly chart analysis
The 142.2500 support level may serve as a critical point in determining the next direction for the market. Holding above this level could indicate temporary stabilization and may limit further bearish pressure, suggesting a potential pause or reversal in the downtrend.If support is decisively broken, it would likely confirm continued bearish momentum, paving the way for a deeper move toward the next key support around 140.600. A break below 142.2500 could also trigger increased selling interest, reinforcing the bearish outlook in the near term.
Hourly Chart
USD/JPY daily candle chart analysis
The descending channel pattern has been breached, signaling a potential shift in market sentiment for the FX pair. This breakout suggests that the prolonged downtrend may be losing momentum, and a possible trend reversal could be underway. A confirmed break above the upper boundary of the channel often indicates that buyers are gaining strength and that selling pressure is weakening.
Continuing previous week, traders' sentiment is mixed, with
long positions making up the majority at 53%, while 47% represent the short
side. No significant bias related to USD/JPY has occurred.