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 trade ideas
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!
Please share your personal opinions in the comments. Don't forget to hit the booster and subscribe!
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.
Tuesday follow up Today we have the JOLTS JOB REPORT due at 10am est
Key takeaways
Job openings, Quits Rate, and Hires vs Openings
Job openings: a higher number shows strong demand for labor hinting at a tight labor market
Quits Rate: A higher quit rate could mean workers are confiednt they can find better opportunities
Hires V Openings: When job openings are on the rise faster than hires that could show a skill mismatch or labor shortage
This report will cover April 2025, the report typically has a 5 week lag, and the April data should reflect employment conditions as of late March.
As it relates to USD/JPY: A strong report reflects the status of job openings and quits this will show strengthen USD. A stronger labor market could increase expectations the fed might raise interest rates or keep them higher for longer
A weaker report could lead to more consolidation or a stronger yen which result in a decreasing dollar
We are looking for an increased value from 7.192 on the last report or around that same value
Yesterday's trade: I typically don't trade early in the week but per my callout on my last idea if you took my buy reversal there was minimum drawback if you used proper analysis
ie: wait for open and close below price for sell and above for buy ideally you would want to get in around 142.706, however the reversal took place at 142.429
If you entered on at the price 142.579 there was minimal drawback.
I entered at 142.706 price is currently at 143.570 please use correct risk management for account growth
Why I Think USDJPY Will Sell...Technical AnalysisHey Rich Friends,
Happy Tuesday! I wanted to share my USDJPY analysis and why I think it will sell. This is only a technical analysis so please check the news and cross-reference your own charts. Here is what I am looking at:
- Momentum is picking up for the sellers with red candles forming on H4, H1 and M15.
- The stoch is facing down, both lines have crossed below 80, slow line (orange) is above the fast line (blue) which is a bearish confirmation for me.
Additional information:
- I will also wait to see if both lines of the stoch cross below 50 to confirm the down trend.
- I will be setting sell stops and using previous highs as my SL and previous lows as my TPs.
Good luck if you decide to take this trade, let me know how it goes.
Peace and Profits,
Cha
USD/JPY 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!
BOJ Hawkish Tone Fails to Lift YenThe Japanese yen fell past 143 per dollar on Tuesday, ending a three-day gain, despite BOJ Governor Kazuo Ueda hinting at potential rate hikes if conditions improve. Ueda pointed to steady recovery and firm corporate performance. A stronger U.S. dollar also weighed down the yen, as markets shrugged off weak U.S. data and rising trade tensions. Trump's plan to double metal tariffs further pressured Japan’s steel sector. Investors await upcoming labor and spending data.
The key resistance is at $143.50 meanwhile the major support is located at $142.85.
USDJPYJust a thought , Understand first we're looking at a reversal , those are not for the faint of hearts , They can be rough with a lot of people looking to just destroy the pair once and for all, Mind you a lot more money wants to save it , we're talking about two of the most stable currencies , Lets see who wins , Hope you leverage the right side .
USDJPY forms textbook head and shoulders patternOur last bearish call on USDJPY played out perfectly. Now, a new setup is forming. With US ISM data showing contraction and stock markets under pressure, the dollar-yen could be next to drop. Watch as we break down the textbook head and shoulders pattern and the levels to watch for a potential 600+ pip move. Target zones, risk-reward, and key breakout levels all included.