Focuses on the latest news and services sector PMIs in the Middle East.
The escalation of the Middle East conflict and the decline in the US services sector may affect buying interest in USD/JPY. A break below the 148.405 support level will bring the 50-day EMA into play.
The 14-day RSI of 58.79 suggests that USD/JPY will break from the 150.293 resistance level to 151 before entering overbought territory.
