USD/JPY Technical Analysis March 19, 2025
As of 5:00 AM GMT on March 19, 2025, the USD/JPY currency pair is trading around 149.30, reflecting a slight decrease of approximately 0.1% from the previous session.
Current Price Levels and Technical Indicators:
Relative Strength Index (RSI): The RSI is currently positioned near 60, indicating that the pair is in neutral territory without immediate overbought or oversold pressures.
Moving Averages:
- 21-period Simple Moving Average (SMA): The price is trading above the 21 SMA, suggesting a short-term bullish trend.
- 200-period Exponential Moving Average (EMA): The pair remains above the 200 EMA, reinforcing the longer-term bullish outlook.
Support and Resistance Levels:
Immediate Support: The nearest support is identified at 148.45. A break below this level could lead to further declines toward 146.54.
Immediate Resistance: The pair faces resistance at 150.00, with a significant psychological barrier at 150.30. A sustained move above this level could signal continued bullish momentum.
Fundamental Factors:
Central Bank Policies: The Bank of Japan (BOJ) recently maintained its short-term policy interest rate at 0.25%, despite some advocating for a hike due to growing inflationary pressures. Former top Japanese currency diplomat Hiroshi Watanabe suggested that the BOJ might raise interest rates twice more this year if inflation remains around 3%, potentially boosting the yen. These measures would address the yen’s weakness, which increases fuel and food import costs, adversely affecting consumption.
US Treasury Yields: Rising US Treasury yields have been a focal point for investors, as they can influence currency valuations. The 10-year yield has jumped nearly a full percentage point since September, causing investor caution and recent market volatility. This rise in yields is attributed to concerns over tariff and tax-cut policies, elevated fiscal deficits, and potential changes in Treasury purchases by major holders like China and Japan.
Conclusion:
The USD/JPY pair exhibits a cautiously bullish stance, trading above key moving averages with neutral RSI readings. Traders should monitor the 150.00 resistance and 148.45 support levels closely. Upcoming central bank announcements and movements in US Treasury yields are likely to introduce volatility, necessitating attentive risk management.
EUR/USD Technical Analysis March 19, 2025
GBP/USD Technical Analysis March 19, 2025
USD/CAD Technical Analysis March 19, 2025