USDJPY isn’t there still another half of the carryover trade from last year? Why put a 25% tariff on Japan now unless they wanted to raise their rate again this year.
EMA 50: 146.250 EMA 100: 145.800 EMA 200: 144.500 EMA 400: 143.200
4-Hour EMA:
EMA 50: 146.500 EMA 100: 146.200 EMA 200: 145.900 EMA 400: 145.600
Weekly Pivots
Pivot Point: 146.000 Resistance 1: 147.000 Support 1: 145.000
Daily Pivots
Pivot Point: 146.500 Resistance 1: 147.200 Support 1: 145.800
Fibonacci Retracement Levels
23.6%: 145.900 38.2%: 146.600 61.8%: 147.400
Fundamental Analysis and Upcoming USD News 📈
As we look ahead, several key economic events may impact the USDJPY market:
US Non-Farm Payrolls (NFP): Scheduled for next week, this report will provide insights into the employment situation in the US, which is a critical indicator of economic health.
Federal Reserve Interest Rate Decision: The upcoming FOMC meeting is expected to address interest rate adjustments, which directly influence USD strength.
Consumer Price Index (CPI): This inflation measure will be released shortly and could significantly affect market sentiment and USD valuation.
These events are crucial as they can lead to increased volatility in the USDJPY pair, providing both risks and opportunities for traders.
Conclusion
In summary, the USDJPY pair is currently trading at 146.561, with various technical indicators providing valuable insights into potential price movements. The support and resistance levels, along with Fibonacci retracement levels and EMA analysis, suggest a complex market environment. Traders should remain vigilant of upcoming economic events that could influence market dynamics and adjust their strategies accordingly.