Ella 
We did not expect USD/JPY to drop sharply to lows of 144.53 (we had expected sideways). Downward momentum strengthened, but not by much. The exchange rate has further room to fall today, even if it is unlikely to hit the important support level of 143.50. Note that another support is at 144.10. Resistance is at 145.20, then at 145.65.
Next 1-3 weeks: After the exchange rate rebounded from 144.92, we emphasized on Tuesday (August 22 market price 146.20) that “momentum is difficult to build.” We believe that although the exchange rate may rise, “is there enough momentum to rise to the next The important resistance level of 147.50 remains to be seen.” The exchange rate fell to a low of 144.53 yesterday. While our ‘strong support’ level of 144.50 has not been clearly breached, modest upside momentum has faded. Since then, the exchange rate may fluctuate between 143.50-146.20.
