Current Market View: Neutral to Bearish
Technical Analysis
Trend: Downtrend continuation
Key Resistance: 148.40 (FVG & 0.618 Fib)
Key Support: 146.97 (Previous Low)
Positive Indicators:
MACD – Bullish crossover, indicating short-term momentum shift.
RSI (65) – Above neutral, suggesting strong buying pressure.
OBV – Increasing, reflecting higher volume supporting the move.
️ Negative Indicators:
Stochastic (85) – Overbought, possible retracement incoming.
Bollinger Bands – Price hitting upper band, signaling exhaustion.
ADX (25) – Weak trend strength, move could lack conviction.
Fundamentals Driving USD/JPY
USD Tariff Impact: Recent shifts in US trade policy causing uncertainty.
German Spending Surge: A major fiscal shift could impact Euro & risk appetite.
China’s Growth Pivot: Structural changes influencing global trade flows.
Stock Market Comparison: S&P 500 underperforming vs. Chinese & European markets.
Global trade expected to rebound in 2025, with forecasts predicting a 3.3% increase, following a 2023 decline.