USD/JPY Technical Analysis April 7, 2025
Current Price Levels and Technical Indicators:
As of 7:00 GMT on April 7, 2025, the USD/JPY pair is trading at approximately 145.43. The Relative Strength Index (RSI) on the 4-hour chart is trending lower but remains above the oversold threshold, indicating continued bearish momentum. The pair is trading below the 50-day Exponential Moving Average (EMA), suggesting a bearish trend.
Support and Resistance Levels:
Support: Immediate support is observed at 145.00.
Resistance: The first resistance level is at 146.90.
Fundamental Factors:
The recent implementation of extensive U.S. tariffs has heightened fears of a global recession, leading investors to seek safe-haven assets such as the Japanese yen. Additionally, the Bank of Japan has expressed concerns about the increasing uncertainty surrounding Japan’s economic outlook due to U.S. trade policies.
Conclusion:
The USD/JPY pair is currently exhibiting bearish momentum, with key support at 145.00 and resistance at 146.90. Traders should closely monitor ongoing trade tensions and upcoming economic data releases, as these factors could significantly influence price movements.
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