USD/JPY’s 4.5% rally from 1 July to 16 July has hit a key resistance zone at 149.00–149.60, suggesting a potential reversal. Bearish momentum is building, with RSI divergence and a breakdown below short-term channel support. A pullback toward 145.85 and 145.20 is likely unless 149.60 is breached, which would open the door for gains toward 150.40 and 151.15.
22-07-2025 03:07 GMT
by Kelvin Wong