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.
Read More: Technical Analysis
Traders sentiment mixed
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.