Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

• USD/JPY traded in a narrow range as investors assessed the likelihood of additional U.S. rate cuts and awaited clarity on trade deals ahead of Trump’s looming tariff deadline.
 
• The de-escalation of the Israel-Iran conflict has pushed geopolitical risks to the background, allowing U.S. monetary policy to take center stage in market discussions this week.

• Markets are increasingly pricing in rate cuts amid reports that Trump may move early to appoint a Fed chair more aligned with his views, potentially sidelining Powell.

• The next major data point for investors is the U.S. core PCE report at 1230 GMT, which may influence Fed policy expectations. Economists project a modest 0.1% monthly increase and a 2.6% annual rate.

• Key resistance levels: 144.53(SMA 20), 145.21 (50%fib), and 146.00 (Psychologicallevel).

•  Support levels: 145.73 (June 26th low), 142.76 (38.2%fib)and  142.25 (Lower BB)..

Recommendation: Good to sell around 144.30, with stop loss of 145.10 and target price of 143.30
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.