This Week's Market Strategy - August 5, 2025 (Tue)
USD/JPY is trading in the 146 yen range, following the decline in long-term interest rates on the back of weak July US employment figures.
US economic indicators to watch this week are July's US non-manufacturing (ISM) index and we should be cautious of irregular remarks from President Trump.
Since we've broken below the minor trend line, some correction downside is likely, but we expect to be supported by the major trend line, so the strategy image is: short-term short, medium-term long, long-term short.
However, we should consider long-term shorts only after breaking below the major trend line, so first we want to trade with short targets if resistance at 148.20 cannot be overcome in the short term.
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