USD/JPY outlook: Pressure the lower boundary of near-term range ahead of tariff announcement

Slobodan Drvenica Windsor Brokers

USD/JPY

USDJPY remains at the back foot on Wednesday and dips further below 150 level, which reverted to solid resistance (three consecutive attacks stalled here).

Fresh weakness pressures 20DMA (149.06, where bears faced strong rejections in past two days) which offers good support, along with nearby 50% retracement of 146.53/151.20 upleg (148.87).

Rising risk aversion ahead of tonight’s tariff decision continues to underpin demand for safe haven Japanese yen.

The pair is likely to accelerate lower if President Trump opts for implementation of full package of import tariffs, which would escalate trade war and further destabilize already fragile conditions in the global economy.

Sustained break of 149.06/148.87 to confirm an end of corrective phase (146.32/151.20) and expos targets at 148.32 and 147.64 (Fibo 61.8% and 76.4% respectively).

Strong barriers at 150.00 (psychological/10DMA) should keep the upside protected and maintain bearish bias, while firm break higher would be a game changer.

Res: 150.00; 150.26; 151.00; 151.38.
Sup: 149.06; 148.87; 148.32; 148.00.

Interested in USD/JPY technicals? Check out the key levels

1. R3 151.34
2. R2 150.74
3. R1 150.17
PP 149.57
1. S1 149.01
2. S2 148.41
3. S3 147.84

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.