USDJPY InsightUS Dollar/Japanese YenFX:USDJPYshawntime_academyHello, subscribers. Please feel free to share your personal opinions in the comments. We’d appreciate your support through likes and subscriptions. Key Points - Hiroshi Moriyama, Secretary-General of Japan’s Liberal Democratic Party and a close aide to Prime Minister Ishiba, announced he would step down to take responsibility for the election results, adding that “the decision on my future rests with my appointing authority, President Ishiba.” - Amid widespread expectations that the UK will be forced to raise taxes due to fiscal pressures, UK Prime Minister Keir Starmer has reshuffled his team by bringing in three economic experts — interpreted as a move to tighten control over economic policy. - The U.S. Manufacturing PMI for August came in at 48.7, below the market forecast of 49.0. Major Economic Events This Week + September 3: U.S. July JOLTS Job Openings + September 4: U.S. August ADP Non-Farm Employment Change + September 5: U.S. August Non-Farm Payrolls, U.S. August Unemployment Rate USDJPY Chart Analysis The pair is fluctuating around the 149 level, attempting to break through resistance. A successful breakout could see it rise further toward the 151 level. However, if it fails to overcome this resistance, a long-term decline toward the 144 level could occur. Therefore, market participants should pay close attention to movements around the 149 level.