USD/JPY Technical Analysis April 2, 2025
Current Price Levels and Technical Indicators:
As of 7:00 GMT on April 2, 2025, the USD/JPY pair is trading around 149.92.
Relative Strength Index (RSI): The RSI is currently in neutral territory, indicating a balance between bullish and bearish momentum.
Moving Averages:
20-period SMA: The pair is trading near the 20-period Simple Moving Average, suggesting consolidation.
50-period SMA: The price is also close to the 50-period SMA, indicating a lack of strong directional bias.
Support and Resistance Levels:
Support:
149.50: Immediate support level where buying interest may emerge.
149.00: A psychological level that could provide additional support.
Resistance:
150.00: A significant resistance level that, if breached, could signal further bullish momentum.
150.50: An additional resistance level to monitor for potential price reactions.
Fundamental Factors:
U.S. Tariff Announcement: President Donald Trump is scheduled to announce new tariffs today, referred to as “Liberation Day,” which may include a 25% tariff on auto imports. This has heightened market uncertainty and could impact the USD/JPY pair.
Bank of Japan’s Stance: Governor Kazuo Ueda has expressed concerns that the proposed U.S. tariffs could significantly affect global trade and economic growth, potentially influencing the Japanese yen’s performance.
Conclusion:
The USD/JPY pair is currently consolidating around the 149.92 level, with key support at 149.50 and resistance at 150.00. Traders should closely monitor the upcoming U.S. tariff announcement and statements from the Bank of Japan, as these events could significantly influence the pair’s direction.
EUR/USD Technical Analysis April 2, 2025