[USD/JPY] – [Monday, August 11, 2025]

Although the condition of USD/JPY is still moving sideways, as indicated by the overlapping EMAs, the USD/JPY's successful breakout and close above its Pivot level provides an opportunity for strengthening today.

Key Levels

1. Resistance 2: 148.63.

2. Resistance 1: 148.18.

3. Pivot: 147.46.

4. Support 1: 147.01.

5. Support 2: 146.29.

Tactical Scenario

Positive Reaction Zone: If the price breaks through and closes above 147.46, it has the potential to strengthen USD/JPY to 147.46.

Momentum Extension Bias: If 147.46 is successfully broken through and closes above it, supported by sufficient momentum and volatility, there is a chance of a test of 148.18.

Invalidation/Revision Bias Level

Upside bias weakens when the price breaks through and closes below 146.29.

Technical Summary

EMA(50): 147.59.

EMA(200): 147.59

RSI(14): 36.21.

Economic News Release Agenda:

There will be no fundamental data releases from Japan due to a national holiday, but the US-Cleveland Fed Inflation Expectations data will be released with a tentative timeframe.