USD/JPY hit a four-month high of 150.92 on 1 Aug before reversing sharply, forming a weekly bearish “Shooting Star.” Price action now sits below its 20-day moving average, with a potential minor bearish breakdown looming under 148.15. A drop below 146.60 could open the path to 145.85 and 144.50, while a break above 148.15 may trigger a squeeze toward 148.75 and 149.50.
08-08-2025 05:30 GMT
by Kelvin Wong