USD/JPY Technical Analysis March 28, 2025
Current Price Levels and Technical Indicators:
As of 12:00 GMT on March 28, 2025, the USD/JPY currency pair is trading around 150.50. The Relative Strength Index (RSI) is approximately 44.11, suggesting neutral momentum. The pair is positioned below the 50-day Simple Moving Average (SMA), indicating potential bearish pressure.
Support and Resistance Levels:
Resistance: The immediate resistance level is at 151.00, a psychological barrier.
Support: Initial support is found at 150.00, with a more substantial support level at 149.00.
Fundamental Factors:
Recent developments influencing the USD/JPY pair include:
U.S. Economic Data: The core Personal Consumption Expenditures (PCE) Price Index is projected to rise 0.3% month-over-month in February, indicating persistent inflationary pressures. This could influence the Federal Reserve’s monetary policy decisions.
Bank of Japan (BoJ) Policy: BoJ Governor Kazuo Ueda has indicated readiness to raise interest rates if economic forecasts materialize, suggesting a potential shift towards a less accommodative stance.
Trade Policies: The implementation of reciprocal U.S. tariffs may impact Japanese exports, influencing the yen’s strength and the USD/JPY exchange rate.
Conclusion:
The USD/JPY pair is trading near the 150.50 level, with technical indicators suggesting a neutral to bearish outlook. Fundamental factors, including U.S. inflation data, BoJ policy signals, and trade developments, are likely to influence future price movements. Traders should monitor these factors closely and watch for a decisive break of key support or resistance levels to determine the pair’s next directional move.
EUR/USD Technical Analysis March 28, 2025