JPY & JPY CROSSES FOR 22nd to 26th SEP 2025US Dollar/Japanese YenFX:USDJPYRAJOOCEcon Data (Week of 22nd Sep - 26th Sep 2025) Monday, 22nd Sep: AUD: RBA Governor Speaks. Tuesday, 23rd Sep: GBP: BOE Governor Speaks. EUR, GBP, USD: Flash PMI. USD: Richmond Manufacturing Index. Wednesday, 24th Sep: USD: Fed Chairman Speaks. AUD: CPI. EUR: German IFO Business Climate. USD: New Home Sales. Thursday, 25th Sep: CHF: Interest Rate Announcement & Press Conference. USD: GDP, Durable Goods Orders, Existing Home Sales. Friday, 26th Sep: CAD: GDP. USD: Core PCE Price Index, Revised UoM Inflation Expectations. Magnified View (Yearly/Monthly Time Frame) USDJPY: In a congestion phase with limited upside on the Quarterly & Yearly timeframes. Price target high for 2025: 15880. Monthly congestion confirmed with a high at 15085. Expect consolidation with a downside move for the rest of the year. Other JPY Crosses: EURJPY: Limited upside on the monthly timeframe; potential failure at 17380 (July high), with the current high at 17450. GBPJPY: Probable top at 20125 on the weekly timeframe, which could also be the yearly high; monthly failure likely. CHFJPY: At multi-year highs but may fail to break 18605 (July high), with the current high at 18720. AUDJPY: In congestion on the Quarterly & Monthly timeframes; probable weekly high at 9850. NZDJPY: In congestion on the Quarterly & Monthly timeframes; probable monthly high at 8910 (July). CADJPY: In congestion on the Quarterly & Monthly timeframes; probable high at 10895. SGDJPY: In congestion on the Quarterly & Monthly timeframes; probable weekly high at 11630. Macro View (Weekly/Daily) USDJPY Caught in a congestion zone on the Weekly & Daily timeframes, trading within 14550/14915. Expect choppy and range-bound trading until a breakout occurs. Bias: Bearish. JPY strength against most crosses suggests limited upside for USDJPY, with potential for a breakdown in the coming days. Resistance Levels: 14925-75/15050-80 are key resistance zones, likely to hold in the near term. Timing: Highs are expected to be capped at 14880/14920 in the coming days, with potential for a move lower towards 14650/14550 if 14720/14680 breaks. Long Range (LR) Daily: Suggests highs may be capped at 14880/14920. Month-End Outlook: Cautiously bearish as long as 15050-85 holds. Micro View (Hourly/15M) Current Trend: A corrective move down on the hourly timeframe may have started at 14920/14880. The 15M wave is synchronized with the downward move, projecting a move towards 14620/14550 before the next upward wave. Immediate Resistance: 14880/14930 is expected to hold. Hourly Moving Averages: Mixed signals suggest a choppy and quiet session until a breakout occurs. Alternative Scenario: If 15050-85 breaks, expect a retest of the highs, invalidating the bearish view. Trading Ideas Sell Near 14880-14920: Stop Loss: Above 14990. Target: 14620/14550. Exit Strategy: If the target is hit, exit the trade. Hold Shorts: Maintain short positions on USDJPY and consider trading JPY crosses, as they are all pointing downward. Key Levels to Watch: Support: 14620/14550. Resistance: 14880/14920, 14925-75, 15050-80. Overall Strategy: Bearish Bias: Stay bearish as long as 15050-85 holds. Range Trading: Expect choppy trading within the 14550/14915 range until a breakout occurs. Risk Management: Use tight stop losses and manage positions carefully, especially if key levels are breached. Econ Data Impact: Monitor speeches from the Fed Chairman and BOE Governor, as well as US GDP and PCE data, for potential market-moving events. Conclusion: USDJPY is in a congestion phase with limited upside potential. The bearish outlook remains intact as long as key resistance levels hold. Focus on selling near resistance zones and manage risk effectively. Keep an eye on JPY crosses, as they are also showing bearish tendencies.