USD/JPY – Wednesday, July 17, 2025.

Although there is a divergence between the RSI(14) indicator and the USD/JPY price movement, with the 50 EMA still forming a Golden Cross above the 200 EMA and the RSI in a Bullish Neutral condition, USD/JPY has the potential to continue strengthening.

Key Levels

1. Resistance 2: 149.95.

2. Resistance 1: 149.41.

3. Pivot: 148.48.

4. Support 1: 147.94.

5. Support 2: 147.01.

Tactical Scenario

Positive Reaction Zone: If USD/JPY successfully breaks through and closes above 149.41, it has the potential to continue strengthening to 149.95.

Momentum Extension Bias: If 149.95 is successfully broken through and closes above it, USD/JPY will continue strengthening to 150.88.

Invalidation Level / Bias Revision

Upside bias weakens when USD/JPY breaks through and closes below 147.01.

Technical Summary

EMA(50): 148.55.

EMA(200): 147.55.

RSI(14): 55.42.

Divergence Appears on RSI(14)

Economic News Release Agenda:

With the BoJ's dovish policy and high US yields, USD/JPY has the potential to strengthen today.

There's a significant data release from the United States today:

Core PPI m/m - 7:30 PM WIB.

PPI m/m - 7:30 PM WIB.