USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY broke above 144.03, confirming bullish momentum.
- RSI overbought, but trend and structure favor continued upside.
- Entry above 144.03 targets 145.74 with stop at 143.01.
USD/JPY has broken out aggressively from consolidation and is now trading at 144.38, having breached a critical resistance at 144.03. Price surged from the ascending channel’s lower boundary, confirming the bullish structure, and is now approaching the midline of the rising parallel channel.
A bullish engulfing candle formed at the breakout point, supported by strong volume and follow-through, suggests further upside potential.
The 50-period SMA at 142.976 has begun sloping upward and now aligns with dynamic support. Price is trading firmly above both the 50 SMA and the channel’s median line, signaling trend continuation.
The RSI is currently at 72.82—technically overbought—but historically, during strong uptrends, it tends to hover above 70 for extended periods. No immediate divergence is visible, which further supports the bullish outlook.
Immediate resistance stands at 145.13, with further upside potential toward 146.15 and 147.15 if momentum continues.
On the downside, 144.03 is the key breakout level to watch; any retest that holds could offer a buying opportunity. Further support sits at 143.01, which aligns with the ascending trendline and SMA support.
While RSI suggests some caution, the overall structure—breakout above resistance, channel continuation, and SMA alignment—favors bulls.
A daily close above 145.13 could confirm further gains toward 146.15, completing the next leg of the ascending channel.
USD/JPY - Trade Ideas
Entry Price – Buy Above 144.033
Take Profit – 145.741
Stop Loss – 143.012
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$1708/ -$1021
Profit & Loss Per Mini Lot = +$170/ -$102
USD/JPY Price Analysis – May 01, 2025
Daily Price Outlook
During Thursday's European trading session, the USD/JPY currency pair continued its upward momentum, climbing to the 144.25 level.
However, the surge was largely driven by the dovish stance of the Bank of Japan (BoJ) and growing optimism surrounding the potential de-escalation of the US-China trade conflict.
Therefore, the combination of these factors weighed heavily on the Japanese Yen (JPY) and contributed to the gains in the USD/JPY pair.
BoJ's Dovish Outlook Dampens Expectations for Rate Hike
However, the recent BoJ meeting played a key role in the Yen's decline. The BoJ kept its interest rate at 0.5%, as expected, but its cautious outlook reduced hopes for a rate hike soon.
Governor Kazuo Ueda said Japan’s inflation wouldn't hit the 2% target in the short term, delaying any rate increase plans for June or July. This, along with a lowered inflation forecast for fiscal 2026, highlights Japan's struggle to achieve stable inflation, weakening the Yen further.
Ueda also mentioned that Japan's economic outlook is uncertain, mainly due to global trade issues, especially ongoing US tariffs. While Japan’s economy is "roughly on track," changes in US trade policy could have a big impact on Japan’s monetary decisions.
US-China Trade Optimism Adds Pressure to the JPY
Meanwhile, renewed optimism surrounding US-China trade relations also weighed on the Yen. US President Donald Trump’s remarks fueled market sentiment, suggesting the possibility of a trade deal with China, and the broader hope that the US-China trade war could de-escalate.
This positive tone surrounding risk assets undermined the JPY, traditionally a safe-haven currency in times of uncertainty, as investors favored higher-yielding assets.
Trump’s comments about trade deals with countries such as India, South Korea, and Japan, along with the "very good probability" of reaching a deal with China, further bolstered optimism in the markets.
These signals of de-escalation helped support the USD, as investors took a more risk-on approach, leaving the JPY vulnerable to further declines.
US Economic Data and Fed Rate Cut Speculation
On the other hand, the US economic data painted a mixed picture. The latest employment figures from ADP showed a sharp slowdown in private-sector job growth in April, with only 62,000 new jobs added, well below expectations.
Meanwhile, the US GDP contracted by 0.3% in Q1 2025, stoking concerns about a potential US recession. Additionally, the US Personal Consumption Expenditures (PCE) Price Index, a key inflation gauge, edged lower to 2.3% in March, adding to the belief that inflationary pressures are easing.
Despite the somewhat gloomy data, market participants remain focused on the Federal Reserve's dovish outlook.
There is growing speculation that the Fed may resume its rate-cutting cycle in June, with traders pricing in the possibility of a full 100 basis points cut by the end of the year.
Therefore, the prospect of further rate cuts by the Fed weighs on the USD, limiting its strength, but the overall positive risk sentiment and market optimism around US-China trade relations continue to support the USD/JPY pair's bullish trend.
USD/JPY – Technical Analysis
USD/JPY has broken out aggressively from consolidation and is now trading at 144.38, having breached a critical resistance at 144.03. Price surged from the ascending channel’s lower boundary, confirming the bullish structure, and is now approaching the midline of the rising parallel channel.
A bullish engulfing candle formed at the breakout point, supported by strong volume and follow-through, suggests further upside potential.
The 50-period SMA at 142.976 has begun sloping upward and now aligns with dynamic support. Price is trading firmly above both the 50 SMA and the channel’s median line, signaling trend continuation.
The RSI is currently at 72.82—technically overbought—but historically, during strong uptrends, it tends to hover above 70 for extended periods. No immediate divergence is visible, which further supports the bullish outlook.
Immediate resistance stands at 145.13, with further upside potential toward 146.15 and 147.15 if momentum continues.
On the downside, 144.03 is the key breakout level to watch; any retest that holds could offer a buying opportunity. Further support sits at 143.01, which aligns with the ascending trendline and SMA support.
While RSI suggests some caution, the overall structure—breakout above resistance, channel continuation, and SMA alignment—favors bulls.
A daily close above 145.13 could confirm further gains toward 146.15, completing the next leg of the ascending channel.
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USD/JPY Price Analysis – April 24, 2025
Daily Price Outlook
During the European session on Thursday, the USD/JPY currency pair struggled to maintain its upward momentum, facing resistance around the 142.39 level.
However, the Japanese Yen (JPY) gained strength amid renewed safe-haven demand, driven by global uncertainties, including geopolitical tensions and the policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ).
While the Fed continues tightening, the BoJ maintains its accommodative stance, supporting JPY demand and putting downward pressure on the USD/JPY pair.
Geopolitical Uncertainty and Trade Concerns Drive JPY’s Safe-Haven Demand
However, the recent developments in US-China trade relations have been a key factor supporting the JPY's safe-haven appeal. US President Donald Trump's remarks on tariffs have dampened optimism for a quick resolution to the trade standoff. Trump hinted that the 145% tariffs on Chinese imports might be reduced significantly in the future.
Nevertheless, Treasury Secretary Scott Bessent contradicted earlier reports, suggesting that the White House might await China's move before making any tariff adjustments. This uncertainty has contributed to a renewed demand for the JPY, traditionally viewed as a safe-haven currency.
Moreover, Japan’s Finance Minister, Katsunobu Kato, raised concerns about the negative impact of US tariffs on market stability. Japan’s Economic Revitalization Minister, Ryosei Akazawa, will visit the US on April 30 to discuss the tariffs further.
BoJ Governor Kazuo Ueda also mentioned the possibility of policy changes if the tariffs harm Japan's economic growth, highlighting the risks to the country’s economy.
Diverging Central Bank Policies Weigh on USD/JPY Pair
Therefore, the divergence between the Fed's dovish stance and the BoJ's more hawkish outlook has created a significant policy gap, further pressuring the USD/JPY pair.
Market expectations for the Fed to cut rates multiple times this year have weighed heavily on the US Dollar, limiting its ability to capitalize on recent recovery gains.
Traders are pricing in the possibility of a rate-cut cycle beginning as soon as June, with more cuts expected by year-end. This dovish outlook contrasts sharply with the BoJ’s stance, which remains focused on tightening policy to address inflation concerns.
Japan's inflation has remained persistently above the BoJ's 2% target, and traders are increasingly convinced that the BoJ will raise interest rates in 2025.
Moving ahead, traders turn their attention to the US economic calendar, upcoming data such as Weekly Initial Jobless Claims, Durable Goods Orders, and Existing Home Sales will be closely monitored for further clues on the Fed's future actions.
USD/JPY – Technical Analysis
USD/JPY continues to hold within a rising price channel after bouncing off the 141.57 support. Price is currently testing a confluence zone marked by the 50-period SMA (142.59) and previous resistance-turned-support at 142.58. A breakout above this level could open the door toward 144.29 in the near term.
The pair has also breached the descending trendline from the March high, indicating a shift in short-term momentum. RSI at 59.27 supports the bullish outlook, as it remains above the 50 threshold, suggesting buyers are still in control. However, traders should monitor for potential rejection around the channel top.
Should price drop below 141.57, the bullish structure would weaken, exposing 140.19 as the next support level.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish Channel: USD/JPY trades inside a rising channel; higher lows support near-term uptrend.
- RSI Holding Above 50: RSI at 59.27 indicates bullish momentum is still intact.
- Breakout Watch: A sustained move above 142.58 confirms continuation toward 144.29.
USD/JPY continues to hold within a rising price channel after bouncing off the 141.57 support. Price is currently testing a confluence zone marked by the 50-period SMA (142.59) and previous resistance-turned-support at 142.58. A breakout above this level could open the door toward 144.29 in the near term.
The pair has also breached the descending trendline from the March high, indicating a shift in short-term momentum. RSI at 59.27 supports the bullish outlook, as it remains above the 50 threshold, suggesting buyers are still in control. However, traders should monitor for potential rejection around the channel top.
Should price drop below 141.57, the bullish structure would weaken, exposing 140.19 as the next support level.
USD/JPY - Trade Ideas
Entry Price – Buy Above 142.585
Take Profit – 144.293
Stop Loss – 141.564
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$1708/ -$1021
Profit & Loss Per Mini Lot = +$170/ -$102
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Trendline Breakout in Play: USD/JPY eyes a close above 143.20 to shift bias.
- SMA Pressure: 50-SMA at 142.95 is the immediate resistance to watch.
- Momentum Rebuilding: RSI at 49.3 shows early signs of recovery from bearish territory.
USD/JPY is attempting to recover after briefly dipping below the 142.15 support zone, with price now testing both horizontal and descending trendline resistance near 142.95.
The pair remains within a broader downtrend but has shown signs of stabilizing near recent lows. A breakout above the 143.20 level could shift short-term momentum to the upside, opening room toward 144.31 — a key horizontal resistance.
The 50-period Simple Moving Average (SMA) at 142.95 is currently acting as dynamic resistance. Price is attempting to push above this barrier, and any sustained break would suggest a change in directional bias.
Meanwhile, the RSI has climbed to 49.3, recovering from sub-40 levels. Though not signaling strong momentum yet, it reflects improving sentiment.
The key trigger level for bullish continuation is 143.20. A clean break above this level would confirm a breakout from the descending trendline and a potential bullish reversal pattern. If confirmed, the next upside level to monitor is 144.31, followed by 145.15.
On the flip side, failure to break higher and a drop below 142.15 would reinforce the prevailing downtrend and bring 142.03 and 140.84 back into focus.
USD/JPY - Trade Ideas
Entry Price – Buy Stop 143.199
Take Profit – 144.312
Stop Loss – 142.157
Risk to Reward – 1: 1
Profit & Loss Per Standard Lot = +$1113/ -$1042
Profit & Loss Per Mini Lot = +$111/ -$104
USD/JPY Price Analysis – April 17, 2025
Daily Price Outlook
During the early European trading session on Thursday, the USD/JPY pair remained steady above the 142.61 level, supported by modest US dollar strength and a continued bearish bias in the Japanese Yen.
The pair managed to hold firm despite the mixed market sentiment, global trade uncertainty, and diverging central bank outlooks, with traders closely monitoring developments from both sides of the Pacific.
Global Risk Appetite Weighs on Yen Amid Ongoing Trade and Economic Concerns
However, the recent uptick in global risk appetite, driven by optimism over potential tariff negotiations and easing trade tensions, has undermined traditional safe-haven assets like the Japanese Yen. Asian equity markets and US futures edged higher on Thursday, following a tech-led slump on Wall Street.
However, ongoing concerns around US President Donald Trump’s aggressive tariff measures, escalating US-China tensions, and fears of a global economic slowdown continue to cap overall optimism.
BoJ Rate Hike Speculation and Trade Talks with the US Support Yen Outlook
On the flip side, expectations that Japan might strike a trade deal with the US and that the Bank of Japan (BoJ) could raise interest rates at some point are helping to prevent bigger losses in the Yen.
However, the cautious outlook has been reinforced by comments from BoJ Governor Kazuo Ueda, who mentioned that the central bank might pause its rate hikes if US tariffs hurt Japan’s economy.
Moreover, the reports from Reuters suggest that the BoJ is expected to lower its growth forecasts at the upcoming policy meeting due to growing risks linked to trade. These factors are keeping the Yen from falling too sharply against the US Dollar.
Furthermore, Japan's Prime Minister Shigeru Ishiba and Economy Minister Ryosei Akazawa have indicated progress in talks with the US, with more meetings planned and a strong hope for a deal within the next 90 days.
Meanwhile, BoJ board member Junko Nagakawa also took a more hawkish stance, stating that the central bank will keep tightening its policies if inflation and economic activity continue on their current path. This adds to the overall outlook of gradual economic adjustments in Japan.
USD/JPY Traders Eye Fed Signals Amid Sticky Inflation and Hawkish Powell Comments
On the US side, the US dollar recovered some ground after Fed Chair Jerome Powell pushed back on immediate rate cut expectations, citing sticky inflation and economic uncertainty tied to new tariffs.
His comments came alongside a stronger-than-expected 1.4% rise in US retail sales for March, reinforcing the view that the Fed may stay on hold for longer.
Despite Powell's hawkish tone, markets are still pricing in at least three rate cuts this year due to concerns over a tariff-driven economic slowdown.
Recent developments in the US-China trade war — including new restrictions on AI chip exports and retaliatory Chinese tariffs — have only added to the uncertainty.
With mixed cues from both the Fed and BoJ, traders now turn their focus to upcoming US macro data, including jobless claims and the Philly Fed Manufacturing Index, for fresh short-term direction in the USD/JPY pair.
USD/JPY – Technical Analysis
USD/JPY is attempting to recover after briefly dipping below the 142.15 support zone, with price now testing both horizontal and descending trendline resistance near 142.95.
The pair remains within a broader downtrend but has shown signs of stabilizing near recent lows. A breakout above the 143.20 level could shift short-term momentum to the upside, opening room toward 144.31 — a key horizontal resistance.
The 50-period Simple Moving Average (SMA) at 142.95 is currently acting as dynamic resistance. Price is attempting to push above this barrier, and any sustained break would suggest a change in directional bias.
Meanwhile, the RSI has climbed to 49.3, recovering from sub-40 levels. Though not signaling strong momentum yet, it reflects improving sentiment.
The key trigger level for bullish continuation is 143.20. A clean break above this level would confirm a breakout from the descending trendline and a potential bullish reversal pattern. If confirmed, the next upside level to monitor is 144.31, followed by 145.15.
On the flip side, failure to break higher and a drop below 142.15 would reinforce the prevailing downtrend and bring 142.03 and 140.84 back into focus.
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USD/JPY Price Analysis – April 10, 2025
Daily Price Outlook
During the early European trading session, the USD/JPY currency pair showed signs of weakness, edging lower as the market awaited key inflation data from the US.
The pair remained under pressure, with market participants opting to remain on the sidelines ahead of the release of the highly anticipated US Consumer Price Index (CPI) and Producer Price Index (PPI) data later in the week.
These reports are expected to offer fresh clues on the future path of US interest rates, which could heavily influence the US Dollar's trajectory and provide fresh momentum to the USD/JPY pair.
Divergence in Central Bank Policies Weighs on USD/JPY
However, the near-term bias for the USD/JPY pair seems to favor the Japanese Yen (JPY) bulls, fueled by growing expectations that the Bank of Japan (BoJ) could raise interest rates further.
This outlook is supported by stronger-than-expected Producer Price Index (PPI) data from Japan, which revealed a 0.4% rise in March, bringing the annual increase to 4.2%.
These higher-than-expected figures could lead to a potential increase in consumer prices, which in turn would strengthen the case for further policy tightening by the BoJ.
In contrast, the Federal Reserve (Fed) is facing growing expectations for multiple interest rate cuts, as the US economy shows signs of inflationary pressure and slowing growth, exacerbated by trade tariffs imposed by President Donald Trump.
This divergence in central bank policies—hawkish expectations from the BoJ and dovish projections for the Fed—creates a bearish environment for the USD, which in turn supports the JPY.
US Inflation Data Could Provide New Direction for USD/JPY
Market sentiment surrounding the USD/JPY pair was also influenced by the ongoing developments in global trade. President Trump's agreement to meet with Japanese officials to discuss trade relations and the subsequent comments from Treasury Secretary Scott Bessent, who suggested that Japan might become a priority in tariff negotiations, added an additional layer of support for the JPY.
Therefore, the potential for a US-Japan trade deal remains on the table, contributing to a more favorable outlook for the Japanese Yen.
In addition, the market was buoyed by a temporary rebound in the US Dollar after President Trump announced a 90-day pause on tariff increases for most countries, reducing some of the global trade uncertainties. This move helped lift equity markets, with the S&P 500 registering its biggest daily gain since 2008.
However, this optimism was tempered by the Fed's cautious stance, as revealed in the March FOMC meeting minutes. The minutes showed that officials were concerned about higher inflation and slower growth, urging caution in rate-cut decisions.
Traders are now expecting the Fed to hold off on further rate cuts until at least June, with only 75 basis points of reductions priced in by the end of the year. This cautious outlook has left USD bulls hesitant to make significant moves ahead of the US inflation reports, further contributing to the JPY's strength.
USD/JPY – Technical Analysis
USD/JPY is trading near 146.74 after slipping below the 147.00 threshold, with resistance at 148.08 capping recent gains. Despite an earlier push higher, the pair has retreated toward the 146.64 pivot zone, which now acts as a key inflection point.
The 50 EMA at 146.43 provides nearby support, and a sustained move above 148.08 would be needed to signal bullish continuation toward 148.98 and potentially 150.53.
On the downside, 146.43 is the level to watch. A break below exposes the pair to further losses toward 145.86 and 144.97. The RSI reads 52.72, suggesting neutral-to-bullish momentum, though upside conviction remains soft.
Price is currently rangebound, with traders awaiting cues from upcoming U.S. inflation data and broader risk sentiment shifts. Unless USD/JPY breaks through 148.08, buyers may remain sidelined.
Momentum is tentative. A move above 148.08 may revive bullish sentiment, but holding above 146.64 is critical for near-term upside.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY consolidates below major resistance at 148.08.
- 50 EMA at 146.43 acts as a key support level.
- Neutral RSI suggests a wait-and-see mode for traders.
USD/JPY is trading near 146.74 after slipping below the 147.00 threshold, with resistance at 148.08 capping recent gains. Despite an earlier push higher, the pair has retreated toward the 146.64 pivot zone, which now acts as a key inflection point.
The 50 EMA at 146.43 provides nearby support, and a sustained move above 148.08 would be needed to signal bullish continuation toward 148.98 and potentially 150.53.
On the downside, 146.43 is the level to watch. A break below exposes the pair to further losses toward 145.86 and 144.97. The RSI reads 52.72, suggesting neutral-to-bullish momentum, though upside conviction remains soft.
Price is currently rangebound, with traders awaiting cues from upcoming U.S. inflation data and broader risk sentiment shifts. Unless USD/JPY breaks through 148.08, buyers may remain sidelined.
Momentum is tentative. A move above 148.08 may revive bullish sentiment, but holding above 146.64 is critical for near-term upside.
USD/JPY - Trade Ideas
Entry Price – Buy Above 146.640
Take Profit – 148.084
Stop Loss – 145.867
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$1444/ -$773
Profit & Loss Per Mini Lot = +$144/ -$77
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY breaks rising channel, tests oversold levels
- RSI near 30 supports potential bounce from ¥146.60
- Reclaiming ¥148.095 could revive bullish sentiment
The U.S. dollar is rebounding modestly against the Japanese yen after a sharp intraday sell-off that broke decisively below the rising channel structure.
The pair fell from above ¥149, slicing through key support at ¥148.095 and triggering a steep drop toward a local low near ¥146.80. The price now sits just above the buy-entry zone at ¥146.607, where dip buyers may attempt to regain short-term control.
Technical damage has been done with the break below the 50-period SMA at ¥149.457, shifting the short-term bias to bearish.
However, momentum indicators suggest the decline may be overextended. The RSI currently reads 30.60, indicating the pair has reached oversold territory. If ¥146.607 holds, a recovery toward ¥148.655 is possible, in line with the previously tested support-turned-resistance level.
Below ¥146.607, further downside could accelerate toward the stop loss zone at ¥145.654. A break of this level may expose deeper levels at ¥144.979 and ¥144.226.
Conversely, a bullish reversal above ¥148.095 would shift the tone, reopening the path toward the 50-SMA at ¥149.457. Entry above ¥146.607 favors a rebound toward ¥148.655. Stop loss placed at ¥145.654 to manage downside exposure.
USD/JPY - Trade Ideas
Entry Price – Buy Above 146.607
Take Profit – 148.655
Stop Loss – 145.654
Risk to Reward – 1: 2.1
Profit & Loss Per Standard Lot = +$2048/ -$953
Profit & Loss Per Mini Lot = +$204/ -$95
USD/JPY Price Analysis – March 27, 2025
Daily Price Outlook
During the European trading session, the USD/JPY managed to gain traction and remained well bid around the 150.90 level.
However, the reason for its upward trend can be attributed to a combination of factors, including global risk sentiment, trade tensions, and expectations surrounding the Bank of Japan's (BoJ) interest rate hike.
USD/JPY Surge Amid Risk Sentiment and Trade Tensions
The Japanese Yen (JPY) faced some intraday selling pressure after a slight improvement in global risk sentiment, fueled by hopes for further stimulus measures from China. This development undermined the traditional safe-haven appeal of the JPY.
However, the uncertainty surrounding US President Donald Trump's tariff plans, particularly the 25% tariffs on imported vehicles and auto parts set to take effect on April 2, continued to weigh on global sentiment, acting as a support for the safe-haven Yen.
BoJ's Rate Hike Expectations and Fed's Dovish Stance Strengthen JPY
Furthermore, the ongoing expectations that the BoJ will continue raising interest rates, supported by strong wage growth and inflationary trends, have contributed to the JPY’s strength.
BoJ’s new board member, Junko Koeda, noted that inflation was moving toward the 2% target sustainably, strengthening the belief in further tightening. Meanwhile, the Federal Reserve's dovish stance, signaling potential rate cuts later this year, has widened the divergence between the Fed and the BoJ, supporting the JPY's appeal.
USD/JPY Under Pressure as Economic Data and Fed Rate Cut Speculation Keep Traders Cautious
On the other hand, a modest pullback in the US Dollar (USD) from its recent three-week high prevented the USD/JPY from reaching higher levels. Economic data, including the February durable goods orders and expectations for the upcoming Personal Consumption Expenditure (PCE) Price Index, also kept traders cautious.
With the Federal Reserve signaling two potential rate cuts this year, market participants are closely watching the release of the US PCE index on Friday for further indications of the Fed's rate path.
Moving ahead, traders are waiting for important economic data, including Tokyo’s Consumer Price Index (CPI) and the US Personal Consumption Expenditure (PCE) Price Index, set to be released on Friday.
Apart from this, the market will continue to focus on geopolitical tensions and central bank policies, which are likely to drive the next moves in the USD/JPY.
USD/JPY – Technical Analysis
The USD/JPY pair is trading slightly higher at 150.418, maintaining its position above the key pivot point of 150.082. The 50-period Exponential Moving Average, currently at 150.042, aligns closely with this pivot, acting as a technical base and reinforcing short-term bullish sentiment.
The immediate resistance sits at 150.946. A decisive break above this level could propel the pair toward the next resistance zones at 151.317 and 151.714.
These levels mark key psychological and historical barriers, and a sustained advance through them may signal a continuation of the broader uptrend fueled by policy divergence between the Federal Reserve and the Bank of Japan.
On the downside, initial support rests at 149.560, followed by 149.145 and deeper at 148.612. A break below these zones would challenge the current bullish structure and suggest a potential shift in momentum, particularly if accompanied by dovish U.S. economic data or geopolitical risk aversion.
As long as the price holds above the pivot and 50 EMA, the bullish bias remains intact. A suggested entry above 150.089 targets a move to 150.887, with a stop loss at 149.651 to manage downside risk.
Traders should monitor upcoming U.S. inflation and job data for fresh directional cues, as these may significantly impact Fed rate expectations and dollar flows.
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