USD/JPY had an uneventful week to sign off 2015, as the pair closed the week almost unchanged, at 120.22. The upcoming week has six events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. US indicators were by no means impressive last week, as unemployment claims and housing data missed expectations. There was better news from consumer confidence, which beat the forecast. Japanese Retail Sales posted its second decline in three readings, ending the year on a sour note. do action=”autoupdate” tag=”USDJPYUpdate”/] USD/JPY graph with support and resistance lines on it: Final Manufacturing PMI: Monday, 1:35. The index has remained been above the 50-point level in the second half of 2015, indicative of ongoing expansion in the manufacturing sector. In November, the indicator came in at 52.6 points, very close to the forecast of 52.8 points. Little change is expected in December, with an estimate of 52.5 points. Monetary Base: Monday, 23:50. Monetary Base has fallen short of the estimate in the past two releases, both of which were readings of 32.5%. The markets are expecting a slight rise in the December report, with an estimate of 33.2%. 10-year Bond Auction: Tuesday, 3:45. Yields on 10-year bonds have been steady, with the past two readings coming in at 0.32%. No significant change is expected in the upcoming release. 30-year Bond Auction: Thursday, 3:45. The 30-year bonds have also shown little movement in recent readings, with the December yield coming in at 1.40%, almost unchanged from a month earlier. Will we see more of the same in the January auction? Average Cash Earnings: Friday, 1:30. Disposable income is linked to consumer spending, a key driver of economic growth. The indicator edged up to 0.7% in November, beating the forecast of 0.4%. Another reading of 0.7% is expected in the December report. Leading Indicators: Friday, 5:00. This minor report is based on 11 indicators, with much of the data having already been released. The November report improved to 102.9%, matching the forecast. The upward trend is expected to continue, with the estimate standing at 103.9%. * All times are GMT Live chart of USD/JPY: [do action=”tradingviews” pair=”USDJPY” interval=”60″/]USD/JPY Technical Analysis USD/JPY opened the week at 120.22 and touched a high of 120.66, testing resistance at 120.40 (discussed last week). The pair then reversed directions and dropped to a low of 119.88. USD/JPY closed the week at 120.22. Technical lines from top to bottom: 124.16 was an important cap in late June. The round number of 123 remains a strong resistance line. 121.50 is next. 120.40 remains busy and was tested last week. It is a weak resistance line. 119.19 is an immediate support line. It has held firm since October. 118.50 is next. 116.90 supported dollar/yen early in 2015. 115.90 is the final support level for now. I am bullish on USD/JPY The BOJ is under strong pressure to implement further easing, which would sharpen monetary divergence and weaken the yen. Even if US numbers are not strong, the Fed is set to raise rates again early in the New Year, which is bullish for the greenback. Here is our 2016 Financial Markets Guide: Follow us on Sticher or on iTunes Follow us on Sticher or on iTunes Further reading: For a broad view of all the week’s major events worldwide, read the USD outlook. For EUR/USD, check out the Euro to Dollar forecast. For the Japanese yen, read the USD/JPY forecast. For GBP/USD (cable), look into the British Pound forecast. For the Australian dollar (Aussie), check out the AUD to USD forecast. For the kiwi, see the NZDUSD forecast. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher MajorsUSD JPY ForecastWeekly Forex Forecasts share Read Next AUD/USD Forecast Jan. 4-8 Kenny Fisher 7 years USD/JPY had an uneventful week to sign off 2015, as the pair closed the week almost unchanged, at 120.22. The upcoming week has six events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. US indicators were by no means impressive last week, as unemployment claims and housing data missed expectations. There was better news from consumer confidence, which beat the forecast. Japanese Retail Sales posted its second decline in three readings, ending the year on a sour note. do action="autoupdate" tag="USDJPYUpdate"/] USD/JPY graph with support and resistance lines on it:… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.