USDJPY Will Go Higher From Support! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 143.192.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 144.216 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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JPYUSD trade ideas
USDJPYCurrently, the price seems to be forming corrective wave (b), with a potential upward move toward the 144.78 – 145.45 area as wave (c). After that, a new bearish wave (wave 3) may begin, with targets around 141.36 and 139.03 . This analysis is based on Elliott Wave structure and Fibonacci retracement levels.
USDJPY M15 Support & Resistance Levels🚀 Here are some key zones I've identified on the 15m timeframe.
These zones are based on real-time data analysis performed by a custom software I personally developed.
The tool is designed to scan the market continuously and highlight potential areas of interest based on price action behavior and volume dynamics.
Your feedback is welcome!
Dollar-yen could settle into a rangeThe Bank of Japan’s Governor Kazuo Ueda commented again on 3 June that the BoJ is ready to continue raising rates if economic data are generally in line with forecasts, but there remains some intrigue whether the next hike could be as early as next month or have to wait until September. The Fed meanwhile is unlikely to cave to on-and-off pressure from the American government to cut rates given uncertainties over trade and tariffs’ potentially larger impact on inflation.
Buying demand for dollar-yen seems to be quite limited, with volume having dropped significantly since the peak in the first half of April, similar to several other major forex pairs. ¥140 remains a potentially strong support but the price is unlikely to retest there seriously in the near future unless the NFP and next week’s inflation are significantly lower than expected.
¥142 is a possible short-term support while the main initial resistance is around ¥146. A range between these areas seems on the whole more likely than a new directional trend unless upcoming data deliver notable surprises or trade issues intensify significantly.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
Fundamental Market Analysis for June 4, 2025 USDJPYEvents to pay attention today:
17:00 EET. USD - ISM Services Business Activity Index
15:15 EET. USD - ADP Employment Change
USDJPY:
The Japanese yen (JPY) is attracting some intraday buyers after falling against the US dollar during the Asian session, and, at least for now, it seems that its pullback from the weekly high reached yesterday has paused. An upward revision of Japan's services business activity index, as well as expectations that wage growth will lead to faster inflation, leave open the possibility of another interest rate hike by the Bank of Japan (BoJ) in 2025. In addition, ongoing geopolitical risks and trade uncertainty are key factors supporting the JPY.
Meanwhile, cautious statements by BoJ Governor Kazuo Ueda on Tuesday sparked speculation that the next interest rate hike will not happen anytime soon. However, this still differs significantly from expectations that the Federal Reserve (Fed) will cut rates by at least 25 basis points (bps) by the end of this year. This, along with concerns about the US budget, is causing a new wave of selling of the US dollar (USD) after Tuesday's decent rebound from a six-week low and is putting some pressure on the USD/JPY pair during the Asian session.
Trading recommendation: SELL 144.20, SL 144.40, TP 143.20
June 4th Update Reports: ISM Non-Manufacturing Purchasing Managers' Index (PMI)
This is a monthly report by the institute for Supply Management (ISM)
Basically, provides a look into economic health of the U.S services sector, which includes industries such as finance, healthcare, retail, and professional services.
The four key subcomponents are Business activity, new orders, employment, and supplier deliveries.
We are looking for a score over 50 which represents expansion in the services sector, and you guessed it below 50 indicates contraction.
The last report was 51.6 up from 50.8 in March that shows modest expansion in services sector.
How does it relate to USD/JPY:
This significantly influences this currency pair due to it being a leading indicator of U.S. economic health
A score above 51.6 would show more expansion the forecast is currently 52 there is a possibility this could make the dollar more attractive to investors compared to yen and increase price.
Why? If yields on U.S. Treasuries increase, it could make the dollar more attractive to investors compared to yen
A score above 50 but lower than 51.6 concerns me
Targets:
Buy: 144.780 (open and close above)
Sell: 143.655 (open and close below)
If you took the call from yesterday and are still in trade, be sure to protect your position anything can happen, and we want to lock in profits.
USDJPY H4 I Bullish Bounce Off Based on the H4 chart analysis, the price is trading near our buy entry level at 143.99, a pullback support
Our take profit is set at 145.06, a pullback resistance.
The stop loss is placed at 142.49, a swing low support.
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USDJPY InsightWelcome, everyone!
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Key Points
- Japanese local media, including Kyodo News, reported that the U.S. and Japan are likely to hold the 5th round of high-level tariff negotiations later this week in the U.S.
- The Eurozone’s preliminary Consumer Price Index (CPI) for May rose by 1.9% YoY, slightly below the market forecast of 2.0%. The ECB is expected to cut interest rates this Thursday, and further stimulus measures are anticipated through the end of the year.
- Caroline Leavitt, White House Press Secretary, stated that “dialogue between the U.S. and China will take place soon,” reaffirming that communication between President Trump and President Xi Jinping remains valid and active.
- The U.S. job openings in April stood at 7.39 million, exceeding the market expectation of 7.10 million, suggesting continued strength in the U.S. labor market.
This Week’s Major Economic Events
+ June 4: Bank of Canada Interest Rate Decision
+ June 5: ECB Interest Rate Decision
+ June 6: U.S. Nonfarm Payrolls for May, U.S. May Unemployment Rate
USDJPY Chart Analysis
The pair has recently shown significant movement around the 144 level. The downtrend has been completely broken, and in the short term, USDJPY is expected to fluctuate within the 140–149 range. Due to resistance at higher levels, there's a strong chance the price could fall back to the 140 support zone. However, if the pair turns upward, a rise toward the 149 level is also likely.
USDJPY Sell- Go for sell if setup given
- could be just a small move, manage your trade
- Refine entry with smaller SL for better RR, if your strategy allow
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 143.200 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 143.200 support and resistance area.
Trade safe, Joe.
USDJPY Short: Update to wave counts and stop lossThis is a follow-up to my USDJPY short earlier. In the previous video, I mentioned that USDJPY can retrace up to start of wave 1 (144.41) but propose a tighter stop. You would have been stopped out if you had used that stop. But right now, you will be able to enter the short at a better price and set a proper stop that will invalidate the EW count.
UsdJpy could break 142 and fall 500 pipsSince early May, I’ve been highlighting the 142 support zone on USDJPY as a potential reversal area — with a suggested upside target at 146.
The market respected this level twice, reversing from 142 and rallying past 146 both times.
However, last week’s move into 146 was sharply rejected, forming a strong daily Pin Bar exactly at resistance — a classic sign of exhaustion.
Now, price is rolling back toward support, and after multiple tests of the 142 zone, we may be very close to a downside break.
🧩 Add to this the fact that DXY also looks ready to break lower, and the probability of a USDJPY fall increases even more.
📉 Trading Plan:
Sell rallies, with invalidation above 146, and a target at 137, aiming for a 1:2 risk-reward setup.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Prices are testing the 142.55 support level.Bank of Japan (BOJ) Governor Kazuo Ueda stated on Tuesday that the central bank would raise interest rates if the economy re-accelerates, adding that wage growth must regain momentum. Currently, Trump's tariff policies have dimmed the economic outlook, making it potentially not the optimal time for a rate hike. However, policymakers stand ready to raise rates if the economy rebounds after a brief pullback. The remarks bolstered the Japanese yen, with prices now testing the 142.55 support level. A decisive break below this level would form a lower low, confirming the continuation of the downtrend and shifting bearish targets toward the 140.01 support level.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
sell@144.50-145.00
TP:143.00-142.50
USD/JPY – Bearish Opportunity DevelopingThe pair is currently showing signs of potential reversal after a sharp bullish retracement that reached a previously respected supply zone. Price action is reacting to a key area where sellers have shown strength in the past, suggesting that this upward move could be a liquidity grab before a new leg down.
On the 1-hour timeframe, the RSI has entered overbought territory, signaling a possible momentum exhaustion. This aligns with a technical structure where the market has maintained a bearish bias despite the recent recovery rally.
The broader context still supports a downside continuation, especially considering the macro pressure from U.S. monetary policy divergence and the yen’s historical reaction to overextended bullish waves in this pair.
📊 We’re watching for signs of confirmation, such as bearish engulfing patterns or rejections with volume divergence, which could strengthen the bearish thesis in this region.
Patience and discipline remain key — we're not trading the noise, we're trading the reaction to structure.