USDJPY Rises as Strong U.S. CPI Boosts the Dollar【February 13, 2025】
Fundamental Analysis
U.S.-Russia Ceasefire Talks Begin for Ukraine Conflict Resolution
Crude Oil Prices Face Downward Pressure, Trading Near USD 71
USDJPY Strengthens as U.S. Consumer Price Index (CPI) Increases
USDJPY Technical Analysis
Analyzing the daily chart of USDJPY, the 90-day moving average is acting as a resistance level. The pair is trading within the Ichimoku cloud, indicating strong resistance. Additionally, the 23.6% Fibonacci retracement level is present, further reinforcing the upper resistance zone.
USDJPY strengthened following the higher-than-expected U.S. CPI, leading to a stronger dollar. While concerns remain over trade issues related to tariffs, the key focus will be whether USDJPY can break above the 90-day moving average. The RSI has recovered to 50, signaling a potential return to an uptrend. However, further confirmation is needed to determine a definitive trend reversal.
Day trading strategy (1 hour)
Analyzing the 1-hour chart of USDJPY, the stronger-than-expected U.S. CPI has driven the dollar higher. USDJPY has surged past the 153 JPY resistance level, reaching the 154 JPY range. However, with RSI rising to 74, a short-term pullback may be expected.
Given multiple resistance levels on the daily chart, profit-taking or selling at resistance highs could emerge.
For intraday trading, a sell limit order around 155 JPY, with take profit at 154.35 JPY and stop loss at 155.25 JPY, is recommended.
Support/Resistance lines
Key support and resistance lines to consider:
154.50 JPY – 90-day moving average
154.35 JPY – Fibonacci level
Market Sentiment
USDJPY: Sell: 67% / Buy: 33%
Today’s important economic indicators
Economic Indicators and EventsJapan TimeUK GDP16:00EU Economic Outlook19:00U.S. Jobless Claims22:30U.S. Producer Price Index (PPI)22:30
*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.
Risk Disclaimer
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
This analysis is for educational purposes only and does not constitute investment advice. Trading forex and CFDs involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results.
