NEWS: USDJPY price is increasing 0.5% ahead of Japan’s elections on the 20th of July as investors worry about Japan’s fiscal sustainability
Possible Scenarios:
If USDJPY fails to breach through R2 of 148.42, our Research Department expects the USDJPY to undergo a short- term downward correction.
If USDJPY manages to break above its R2 of 148.42, our Research Department expects the USDJPY to extend its gains to its R3 of 148.76.
Support and Resistance Levels:
USDJPY |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
146.52 |
146.86 |
147.19 |
147.64 |
148.09 |
148.42 |
148.76 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $67.44 |
(+/-) €57.82 |
(+/-) £50.21 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.16647
***GBP/USD = 1.34331
Calculations for exchange rate used as of Tuesday, July 15, 2025, 14:40 GMT+1