empty
07.02.2025 03:07 PM
USD/JPY. Analysis and Forecast

This image is no longer relevant

The Japanese yen continues to experience modest intraday losses against the U.S. dollar, following cautious comments from the International Monetary Fund (IMF). However, the decline remains limited, as expectations grow that the Bank of Japan (BoJ) will continue tightening its monetary policy.

Recent statements from senior BoJ officials indicate a firm commitment to interest rate hikes, which could narrow the rate differential between the BoJ and major central banks, including the Federal Reserve. This provides support for the yen, preventing a steeper decline.

Nevertheless, the muted performance of the U.S. dollar is preventing USD/JPY from capitalizing on its recent rebound from levels below 151.00, the lowest since December 10. Traders remain cautious, awaiting the release of the U.S. Nonfarm Payrolls (NFP) report, which is expected to influence market direction.

This image is no longer relevant

A break below 152.60, where the 100-day and 200-day simple moving averages (SMA) converge, has become a key bearish signal. Oscillators on the daily chart remain deep in negative territory, suggesting further downward potential. Any upward movement may be seen as a selling opportunity, with resistance expected near the psychological level of 152.00. If the price continues to rise, the next key resistance is 152.60, followed by the round level of 153.00.

On the other hand, the 151.00 now serves as immediate support. A break below 151.00 could lead to further declines toward 150.55–150.50 and then the critical psychological level of 150.00. If the price drops below 150.00, further downside is likely toward 149.60, before potentially testing 149.00 and the December low near 148.65.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Why the U.S. Dollar Keeps Falling

The U.S. dollar fell to its lowest level since January 2024 after President Donald Trump's criticism of the Federal Reserve sparked concerns over the central bank's independence. The dollar weakened

Jakub Novak 11:12 2025-04-22 UTC+2

Loss of Confidence in the Fed Will Pressure the Dollar (Bitcoin Likely to Continue Rising, USD/CAD to Decline)

On Monday, the U.S. stock market experienced a sharp decline, pulling down many global exchanges, as the "turbulent" actions of President Trump continue to shift from one hot topic

Pati Gani 09:00 2025-04-22 UTC+2

Market: Still Waters Run Deep

It's impossible to inject capital into an economy destabilized by politics. Capital continues to flow out of the United States, and Donald Trump's attacks on the Federal Reserve only accelerate

Marek Petkovich 08:52 2025-04-22 UTC+2

What to Pay Attention to on April 22? A Breakdown of Fundamental Events for Beginners

No macroeconomic events are scheduled for Tuesday—neither in the U.S., the Eurozone, Germany, nor the U.K. Thus, even if the market were paying any attention to macroeconomic data, it simply

Paolo Greco 07:46 2025-04-22 UTC+2

GBP/USD Overview – April 22: Dollar Decline Neutralizes Any Positive Economic Changes

The GBP/USD currency pair also traded higher on Monday despite no clear reasons or fundamental grounds for this movement. However, the pound has risen even on days when the euro

Paolo Greco 03:12 2025-04-22 UTC+2

EUR/USD Overview – April 22: The Emperor Has No Clothes...

The EUR/USD currency pair began Monday with a sharp drop from the opening. Interestingly, this time, the fall of the US dollar wasn't triggered by the American president. Any specific

Paolo Greco 03:12 2025-04-22 UTC+2

Will Trump Fire Powell?

The U.S. Dollar Index updated a three-year low on Monday, falling into the 97 range (for the first time since March 2022). The greenback started the trading week with

Irina Manzenko 01:07 2025-04-22 UTC+2

Panic hasn't gone anywhere – the dollar is being sold off, gold is rising, and the S&P 500 has turned downward again

The total speculative bearish position on the US dollar more than doubled over the reporting week, reaching -$10.1 billion. The Canadian dollar and the yen strengthened the most, while

Kuvat Raharjo 01:07 2025-04-22 UTC+2

The Dollar Meant Well. But Things Went as Usual

Be careful what you wish for. Donald Trump's desire to make America great again and return to a golden age is backfiring by eroding trust in U.S. assets, capital flight

Marek Petkovich 01:07 2025-04-22 UTC+2

XAU/USD. Analysis and Forecast

Gold continues to show strong demand, trading near its all-time high, just below the key psychological level of $3400. The hardline international trade policy pursued by U.S. President Donald Trump

Irina Yanina 19:15 2025-04-21 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.