USD/JPY Technical Analysis April 11, 2025
Current Price Levels and Technical Indicators:
As of 7:00 GMT on April 11, 2025, the USD/JPY pair is trading around 143.60, reflecting a significant decline from previous levels.
Relative Strength Index (RSI): The RSI is approaching oversold territory, indicating potential for a short-term rebound or consolidation.
Moving Averages: The pair is trading below both the 50-day and 200-day moving averages, suggesting a bearish trend.
MACD: The MACD indicator shows a bearish crossover, reinforcing the downward momentum.
Support and Resistance Levels:
Immediate Support: The next support levels are observed at 143.25, with further support at 142.50.
Resistance Levels: Key resistance is identified at 144.55, with additional resistance at 146.00 and 148.20.
Fundamental Factors:
The recent weakness in the U.S. dollar is influenced by several fundamental factors:
U.S. Inflation Data: The U.S. inflation rate declined from 2.8% in February to 2.4% in March, missing analyst forecasts of 2.6%. This has led to speculation about potential shifts in monetary policy.
Safe-Haven Demand: Increased demand for safe-haven assets like the Japanese yen amid global economic uncertainties has contributed to the USD/JPY decline.
Technical Breakdowns: The pair’s break below key support levels has triggered further selling pressure, exacerbating the downward movement.
Conclusion:
The USD/JPY pair is experiencing significant bearish momentum, driven by weaker U.S. economic data and increased safe-haven demand for the yen. Technical indicators support the downward trend, but traders should watch for potential rebounds if oversold conditions persist. Monitoring upcoming economic releases and geopolitical developments will be crucial in assessing the pair’s future trajectory.
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