USDJPY Holds Above 2024 LowsUSDJPY is currently retesting its 2024 lows and the 0.618 Fibonacci retracement level of the uptrend from January 2023 to July 2024, near the critical 139 zone.
The daily Relative Strength Index (RSI) is now in oversold territory—levels that have previously marked key reversals for USDJPY in both 2023 and 2024. If a reversal takes hold, potential resistance targets include 142, 145, 147, and 151.
However, if the support around 139 fails to hold, the pair may extend losses toward 138 and potentially 134, which aligns with the 0.786 Fibonacci retracement.
Written by Razan Hilal, CMT
USDJPY trade ideas
USDJPY BULLISH OR BEARISH DETAILED ANALYSISUSDJPY has just completed a clean breakout above a well-defined descending channel on the 4H chart, signaling the beginning of a short-term bullish wave. This move reflects a technical shift in sentiment as buyers reclaim control after weeks of selling pressure. The breakout candle closed above the upper trendline, indicating a strong potential for continuation. The target zone appears to align with the previous resistance zone around 147.68, where price reacted multiple times in the past, creating a well-defined liquidity area.
From a fundamental standpoint, the dollar is regaining traction following a stabilization in U.S. Treasury yields and a slight pullback in geopolitical tensions. Market participants are also pricing in a slightly more hawkish Fed tone, as inflation remains persistent and jobless claims continue to show strength. Meanwhile, the Bank of Japan remains firmly dovish, with no indication of tightening policy anytime soon, reinforcing yen weakness and supporting the upside momentum in USDJPY.
This current price action is not just technical—it is aligned with macro drivers. The divergence in monetary policy stance between the Federal Reserve and the Bank of Japan continues to be a key bullish factor for USDJPY. As long as U.S. inflation remains sticky and Fed officials lean toward holding or even hiking rates, this pair is likely to stay supported on dips. Add to that Japan’s fragile domestic consumption outlook and persistent intervention threats, and USDJPY may find itself grinding higher toward resistance zones.
In conclusion, with the channel breakout confirmed and fundamentals favoring a bullish bias, I’m eyeing upside continuation toward 147.68. A tight stop below 140.20 makes the setup attractive in terms of risk-reward. I'll be watching price reaction at interim levels, but the structure is clean and the setup has strong confluence—perfect for capturing this short-term wave.
April 23, 2025 – USDJPY Long📈 Bias: Bullish | Risk: 1% | 🎯 RRR Target: 1:3
🧠 Reasoning:
Price rejected from HTF zone (previous lows that caused a strong bullish move).
Took a long during London session after a 15M BOS + entry from a 15M OB, confirmed by a 1M BOS ✅
🔍 Confluences:
HTF bullish structure
15M Order Block 📊
1M BOS confirmation ⏱️
Unfilled Asian range above 🌏
🛡️ SL: 20 pips, below recent lows – enough protection.
💬 Note: There was still a deeper 15M OB below, but this trade had strong confirmation. No regrets – solid execution & confident decision.
USDJPY Short Term Buy Trading PlanM15 - Strong bullish momentum followed by a pullback
No opposite signs
Expecting bullish continuation until the two Fibonacci support zones hold.
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USDJPY InsightHello to all our subscribers,
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- U.S. President Trump stated that if China does not negotiate, "the United States will make the decision and set the tariff rates," while White House spokeswoman Karoline Leavitt said, "Negotiations with China are going very well."
- Regarding Federal Reserve Chair Jerome Powell, President Trump said, "I have no intention of firing him, but I hope Chairman Powell will be more proactive about the idea of a rate cut."
- The Russian side explained that when the President mentioned the possibility of bilateral talks to ban attacks on civilian targets, it was with negotiations and discussions with Ukraine in mind.
This Week’s Key Economic Events
+ April 23: U.S. April Manufacturing PMI, U.S. April Services PMI
USDJPY Chart Analysis
Contrary to expectations, the pair showed a downward movement and formed a bottom around the 140 level. A rebound is occurring in this zone, suggesting the potential for a short-term rise. The 144 level is a likely target for the next peak. However, if the 140 level is broken downward, there is a possibility of a decline toward the 135–136 range.
USDJPY Is Going Up! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 141.912.
Taking into consideration the structure & trend analysis, I believe that the market will reach 145.882 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USDJPY Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view, the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
Market Analysis: USD/JPY Eyes Fresh IncreaseMarket Analysis: USD/JPY Eyes Fresh Increase
USD/JPY is rising and might gain pace above the 142.45 resistance.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 141.00 and 141.65 levels.
- There was a break above a connecting bearish trend line with resistance at 141.20 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 140.00 zone. The US Dollar gained bullish momentum above 141.65 against the Japanese Yen.
There was a break above a connecting bearish trend line with resistance at 141.20. It even cleared the 50-hour simple moving average and 142.45. The pair climbed above 143.00 and traded as high as 143.21 before there was a downside correction.
The pair dipped below the 23.6% Fib retracement level of the upward move from the 139.88 swing low to the 143.21 high. The current price action above the 141.65 level is positive.
Immediate resistance on the USD/JPY chart is near 142.45. The first major resistance is near 143.20. If there is a close above the 143.20 level and the RSI moves above 75, the pair could rise toward 144.50.
The next major resistance is near 145.00, above which the pair could test 148.00 in the coming days. On the downside, the first major support is 141.65 and the 50% Fib retracement level of the upward move from the 139.88 swing low to the 143.21 high.
The next major support is visible near the 141.00 level. If there is a close below 141.00, the pair could decline steadily. In the stated case, the pair might drop toward the 139.90 support zone. The next stop for the bears may perhaps be near the 137.50 region.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Fundamental Market Analysis for April 23, 2025 USDJPYThe Japanese yen (JPY) declined against its US counterpart for a second straight day on Wednesday and retreated further from the multi-month peak reached the previous day. The Trump administration officials' comforting comments on US-China trade talks triggered a sharp rebound in global risk sentiment, which in turn had a strong impact on traditional safe-haven assets, including the yen. Moreover, a slight recovery in the US dollar (USD) from multi-year lows, supported by easing concerns over Federal Reserve (Fed) independence, pushed the USD/JPY pair to a one-week high, a level above 143.000 during the Asian session.
Growing optimism that the US and Japan are moving closer to a temporary trade agreement is helping the yen, which reacted weakly to unimpressive domestic PMIs, to pause its intraday decline. In addition, strengthening expectations that the Bank of Japan (BoJ) will continue to raise interest rates in 2025 is keeping JPY bears from betting aggressively. Meanwhile, investors are losing confidence in the US economy amid Trump's rapidly shifting stance on trade policy. This, as well as bets that the Fed will soon resume its rate-cutting cycle, is holding back the dollar and taking the USD/JPY pair below 142.000 in the last hour.
Trading recommendation: SELL 141.700, SL 142.100, TP 140.500
Long trade
Trade Overview: USDJPY Long Position
Entry Price: 140.312
Profit Target: 143.185 (+2.05%)
Stop Loss: 139.891 (–0.30%)
Risk-Reward Ratio: 6.82
🕑 Entry Time: 2:00 PM
📅 Date: Tuesday, 22nd April 2025
🌏 Session: Tokyo PM
⏱ Observed Timeframe: 5-Minute TF
USDJPY showed a bullish internal break of structure on the 5-minute timeframe, confirming short-term strength and suggesting a shift in intraday trend.
Whykoff narrative
Dollar bounces back after Euro and Yen hit key levels | FX ReseaTrading conditions are getting back to fuller form following the Easter break. After taking another big beating in the holiday-thin trade, we're finally seeing some profit-taking on US dollar shorts from shorter-term accounts. We haven’t seen the euro above 1.15 or dollar-yen below 140 for some time, which could be adding to the excuse for some mild profit-taking. It's also possible the buck is feeling a little better with US equity futures pointing up. After all the recent narrative has been selling everything US, so a bounce in stocks could very well be helping the dollar to recover.
A Japanese Ministry of Finance survey revealed President Trump’s tariffs are already hurting about 10% of Japanese firms, with auto companies reporting cancelled orders and reduced factory hours. Tourism businesses are also fearing a stronger yen could deter visitors.
Meanwhile, Trump has continued to pressure the Federal Reserve, warning of an economic slowdown unless interest rates are cut immediately. In Germany, the government downgraded its 2025 economic outlook to stagnation from a prior 0.3% growth forecast. In the UK, BOE’s Green noted a weaker dollar could ease UK inflation but expressed concern over rising inflation expectations.
Looking ahead, we get a round of Fed speakers including Jefferson, Harker, Kashkari, Barkin, and Cougler, who are all likely to defend Fed Chair Powell and stress the Fed’s independence.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 141.600 zone, USDJPY is trading in downtrend and currently is in a correction phase in which it is approaching the trend at 141.600 support and resistance area.
Trade safe, Joe.
Potential bullish rise?USD/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 140.98
Why we like it:
There is a pullback support level.
Stop loss: 140.24
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 142.41
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
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JPYUSD - might pull backThis could pull back for a couple of months. Is this move down on JPYUSD gonna fuel rally in Equities? Gold looks like it wants to pull back (may be to 21 EMA or even a deeper correction to $2000/OZ). DXY might have a relief rally or just chop sideways. US10Y could drop to 3.4%. Have to watch SPX, GOLD, GOLD/SPX ratio, BTC/USD, BTC/GLX, US10Y, DXY, JPY/USD and VIX. We have to figure out if the secular bear market is already underway on equities (which means we sell the bounce on equities and buy the dip on GOLD), or if there is more blow off top left in equities. Only time will tell. Massive opportunities ahead either way. So protect your capital