USD/JPY Technical Analysis March 13, 2025
As of March 13, 2025, at the current hour, the USD/JPY currency pair is trading around 148.18.
Current Price Levels and Technical Indicators:
The USD/JPY pair is currently trading near 148.18, reflecting a slight decrease of 0.04% from the previous session. Technical indicators suggest a potential continuation of the longer-term downtrend, as the pair has recently shown signs of strength but may be poised for a reversal. The Relative Strength Index (RSI) is hovering near 60, indicating neutral to slightly bullish sentiment, while the Moving Average Convergence Divergence (MACD) is showing signs of weakening momentum.
Support and Resistance Levels:
Immediate support for USD/JPY is observed at 147.44, with a break below this level potentially triggering further downside towards 146.80. On the upside, resistance is identified at 148.21, which coincides with a descending trendline from the March 2025 highs. Overbought RSI conditions at this resistance level suggest that a break above may be challenging without a corrective pullback. If the pair breaches this resistance, the next target could be 149.00.
Fundamental Factors:
The U.S. dollar has experienced modest gains against the yen, influenced by a rise in U.S. Treasury yields amid investor uncertainty over global trade tensions and inflation concerns. The yen’s performance has been impacted by the Bank of Japan’s decision to maintain its ultra-loose monetary policy, keeping short-term interest rates at 0.25%. Traders are also keeping a close eye on upcoming U.S. economic data releases, including inflation and employment reports, which could influence further price action.
Conclusion:
The USD/JPY pair is currently navigating a mix of technical and fundamental factors. While the short-term trend remains bullish, resistance at 148.21 could limit further upside unless strong economic catalysts emerge. Traders should monitor key support and resistance levels closely and stay updated on economic data releases that could drive volatility in the pair.
EUR/USD Technical Analysis March 13, 2025