USD/JPYUSD/JPY Technical Analysis – Daily Timeframe
Current Situation:
The USD/JPY pair recently tested the 141.38 level (a key price-time zone) with a false breakout on April 21, followed by a strong rebound.
This bounce held the price above the support zone and triggered a bullish move, pushing the price above the 144.81–144.87 resistance area and closing the week with a potential continuation candle to the upside.
Additional Insight:
This bullish phase may represent a retracement of the bearish impulse that originated from the 149.84–149.63 area, which is marked with the green arrow on the chart.
The broader trend remains bearish, so this could be a technical pullback before the downtrend potentially resumes.
Key Levels to Watch:
Support: 144.81 / 144.87 → 142.20 → 141.38
Resistance / Target Zone: 149.63–149.84 (crucial area for reassessment)
Lower Bearish Targets (if support breaks): 136.81 and 132.80
Trading Conclusion:
In this context, a continued move to the upside toward the 149.63–149.84 area is expected, but it will be crucial to closely observe price behavior at those levels.
Conversely, if the 141.38 support is breached, we may see a resumption of the broader downtrend with significantly lower targets.
⚠️ Note: The overall market structure remains bearish, meaning this current rally is likely a corrective phase. Caution and confirmation are key before taking action.
USDJPY trade ideas
Yen Falls Past 145 as Dollar StrengthensThe Japanese yen weakened past 145 per dollar, hovering near a one-month low as the U.S. dollar strengthened with improving global trade sentiment and diminishing expectations of near-term U.S. rate cuts. The greenback gained momentum after President Trump announced a preliminary trade deal with the UK, the first since broad U.S. tariffs were introduced last month. He also signaled that tariffs on China could be eased, depending on the outcome of high-level trade talks set for this weekend in Switzerland.
Adding pressure on the yen, Fed Chair Powell dismissed the idea of a preemptive rate cut, citing persistent inflation risks and labor market concerns. In Japan, personal spending rose more than expected in March, suggesting resilience in consumption, though a third straight monthly drop in real wages highlighted broader economic challenges.
Resistance stands at 145.90, with further levels at 146.75 and 149.80. Support is found at 139.70, then 137.00 and 135.00.
USDJPY Elliott Wave Outlook – Bearish Wave (C) in Progress?USDJPY appears to be unfolding a classic ABC correction following the completion of a 5-wave impulse pattern. Price action recently bounced off the 0.618 Fibonacci level (~140.62), but faces resistance around the 0.5 retracement zone (~144.70), where price is currently testing.
Key levels and confluences:
🔹 EMA cluster around current price
🔹 Potential descending channel
🔹 Major resistance zones: 148.77 (Fib 0.382) & 151.92
🔹 Bearish wave (C) projection could extend toward the 137.99–139.62 area
Unless bulls break decisively above 148.77, bias remains bearish with possible continuation toward the lower boundary of the corrective structure.
Watching closely for price reaction at key EMAs and lower highs for short setups.
Fundamental Market Analysis for May 9, 2025 USDJPYUSDJPY:
The Japanese yen (JPY) rises against its US counterpart during the Asian session on Thursday and reverses part of the previous day's correction from a one-week high. Minutes from the Bank of Japan's (BoJ) March meeting showed that the central bank remains open to further tightening if the economic and price outlook persists. This, along with a rebound in safe-haven demand, is lending support to the Japanese Yen, which, along with the emergence of fresh US Dollar (USD) selling, is keeping the USD/JPY pair below the 144.00 round figure.
Optimism over the start of trade talks between the US and China, which will take place this week in Switzerland, is fading rather quickly amid uncertainty over how a new deal between the world's two largest economies might be structured. In addition, US President Donald Trump has denied that he will reduce tariffs against China, dampening hopes of a speedy resolution to the trade war between the world's two largest economies. In addition, persistent geopolitical risks kept investors on edge and proved to be the key factor that influenced the yen's growth amid the general weakening of the dollar.
Trading recommendation: SELL 145.80, SL 146.00, TP 144.90
Dollar-yen’s bounce stutters but ¥146 still in viewHavens have generally been in less demand for the last couple of days as the USA apparently reached a trade deal with Britain and there seems to be some progress with other major countries such as Japan. While the Fed now seems much less likely to cut next month, the Bank of Japan’s next hike is somewhat unclear. For now, it seems less likely that the differential in rates will shrink as much this year as had been expected at the beginning of last quarter.
As for many other major pairs with the dollar, volume for dollar-yen has declined significantly since the beginning of last month. ¥140.40 looks like a very strong support, having been tested unsuccessfully three times now since last 2023 and coinciding with the 61.8% monthly Fibonacci retracement. The initial bounce from there last month was quite strong but hasn’t been very consistent since.
Although USDJPY seems like a possibly better candidate for buying the dollar then EURUSD, upcoming movements also seem to depend on American inflation on 13 May. Preliminary Japanese GDP for the first quarter is expected to show a small decline late on 15 May.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
Yen rally ends, markets eyes Fed rate decision and BoJ minutesCurrently, the market sentiment is rather complex. On the one hand, some traders are betting on the restart of negotiations by the US side, believing that policy uncertainty will be alleviated with the convening of the meeting. On the other hand, from the perspective of the capital market, the market's concern about the medium - to - long - term depreciation trend of the US dollar is increasing. In particular, the " $2.5 trillion capital withdrawal" view proposed by the Eurizon SLJ report, if realized, will substantially suppress the US dollar.
In the short term, if the USD/JPY exchange rate fails to hold above the 145.5 level, the rebound may come to an end, and the price may test the two key support levels of 143.00 and 141.650. Especially if the Fed's policy language continues to be dovish, the exchange rate may decline further.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
USDJPY | Demand Zone Bounce – Bullish Setup?After a clean rejection from the 140.550–143.373 demand zone, USDJPY is showing signs of bullish momentum.
Next key resistance zones:
➡️ 148.694
➡️ 155.589
Will bulls push to new highs or is this a trap?
Break below 140.550 invalidates the setup.
Trade Idea:
Long above 143.373
Targets: 148.694 → 155.589
Stop Loss: Below 140.550
Let me know your thoughts in the comments!
#USDJPY #ForexTrading #PriceAction #TradingSetup #SupplyAndDemand #FX #LuxAlgo #SmartMoney #TechnicalAnalysis #ForexSignals
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USDJPY 15 MINUTESThis chart shows a potential bullish setup for USD/JPY, highlighting:
A downtrend break suggesting a reversal.
A buy zone near the trendline support around 142.50.
Projected upward movement through Level 1 (142.97) and Level 2 (around 143.50).
A final target near 144.00 marked as “TADGET SUCCESSFUL” (note the spelling error: should be “TARGET SUCCESSFUL”).
It appears the analysis anticipates a bounce from the trendline with confirmation if it clears Level 1.
Would you like help refining this setup or checking for additional confirmation indicators?
USD/JPY Market Structure Update – May 7, 2025📊USD/JPY Market Structure Update – May 7, 2025
🔹Current Price: 143.05
🔹Timeframe: 1H
📌Key Supply Zones (Resistance):
🔴143.549 – Minor LH (Watch for lower-timeframe reaction)
🔴144.187 – M15 Lower High Zone (ideal for scalping shorts)
🔴145.013 – H1 LH Structure
🔴145.656 – Best H1 Selling Area (HTF confluence)
📌Key Demand Zone (Support):
🟢141.932 – H4 Best Buy Area (strong historical reaction zone)
📉Bearish Outlook:
Market structure is currently bearish with price forming lower highs. Sellers should look for rejection patterns at 143.549 or 144.187 with potential downside targets back toward 142.000–141.932.
📈Bullish Scenario:
Only above 145.013 does the bearish structure begin to shift. Until then, rallies into premium zones are short opportunities.
⚡Trading Tip:
✅Enter after confirmation (e.g., M15 BOS or Engulfing)
✅Target HTF demand near 142.000
✅SL above recent LH for clean risk management
#USDJPY #SmartMoneyConcepts #SupplyAndDemand #PriceActionTrading #FXFOREVER #BreakOfStructure #LowerHighs #ForexAnalysis #IntradayUpdate
USDJPY Wave Analysis – 6 May 2025
- USDJPY reversed from resistance zone
- Likely to fall to support level 140.00
USDJPY currency pair recently reversed from the resistance zone between the resistance level 146.00 (former strong support from March) and the 50% Fibonacci correction of the previous downward impulse from March.
The downward reversal from this resistance zone stopped the previous minor ABC correction 2.
Given the strongly bullish yen sentiment seen today, USDJPY currency pair can be expected to fall to the next support level 142.00 – the breakout of which can lead to further losses toward support level 140.00.