USDJPY InsightUS Dollar/Japanese YenFX:USDJPYshawntime_academyHello to all our subscribers. Please feel free to share your personal thoughts in the comments. Don’t forget to hit the boost and subscribe buttons! Key Points - Prime Minister Shigeru Ishiba reaffirmed during a party meeting held at the LDP headquarters that he has no intention of resigning, stating, "I will do my utmost to ensure there is no political vacuum for the nation and the people." - Following the U.S.-EU trade agreement, concerns have arisen that it could negatively impact the EU economy, with negative sentiment spreading across Europe. - On July 28, the third high-level meeting between the U.S. and China began in Stockholm, Sweden. The market widely expects the current “tariff truce” to be extended by another 90 days. Major Economic Events This Week + July 29: U.S. Department of Labor – JOLTS + July 30: Germany Q2 GDP, U.S. July ADP Nonfarm Employment Change, U.S. Q2 GDP, Bank of Canada rate decision, FOMC meeting results + July 31: Bank of Japan rate decision, Germany July CPI, U.S. June PCE Price Index + August 1: Eurozone July CPI, U.S. July Nonfarm Payrolls, U.S. July Unemployment Rate USDJPY Chart Analysis After facing resistance near the 149 level, USD/JPY pulled back but found support around 146, and is now climbing again toward 149. In the long term, a rise toward 151 seems possible. Two potential scenarios are in play: - The pair hits resistance again at 149, finds support at 146, and then moves up toward 151. - The pair maintains its current upward momentum and continues climbing directly to 151. We will determine our strategy based on the price action near the 149 level.