USD/JPY Technical Analysis April 3, 2025
Current Price Levels and Technical Indicators:
As of 08:00 GMT on April 3, 2025, the USD/JPY pair is trading at approximately 146.77. The 14-day Relative Strength Index (RSI) is below 30, indicating that the pair is in oversold territory. The price has fallen below the 50-day Simple Moving Average (SMA), suggesting bearish momentum.
Support and Resistance Levels:
Support Levels:
146.70: Immediate support level observed during the current trading session.
146.00: Psychological support level.
Resistance Levels:
147.50: Previous support level, now acting as resistance.
148.50: 50-day SMA, aligning with a key resistance zone.
Fundamental Factors:
The recent announcement by U.S. President Donald Trump of a 24% tariff on Japanese exports has significantly impacted the USD/JPY pair. This move has heightened concerns over a potential global economic slowdown, leading investors to seek safe-haven assets such as the Japanese yen. Additionally, global stock markets have experienced sharp declines, further bolstering the yen’s strength.
Conclusion:
The USD/JPY pair is currently under bearish pressure, influenced by technical indicators and recent geopolitical developments. Traders should closely monitor the key support and resistance levels mentioned, as well as stay informed on any further economic announcements or policy changes that could impact market sentiment.
EUR/USD Technical Analysis April 3, 2025