USDJPY in the Upper 151 JPY Range as Concerns Rise Over Potential Auto Tariffs on Japan【February 17, 2025】
Fundamental Analysis
Trump Administration Plans Auto Tariffs, Possible Implementation in April
Accelerated Efforts to End the Ukraine Conflict, Diverging Stances Between the EU and the US
USDJPY Technical Analysis
The USDJPY pair is currently fluctuating between the 90-day moving average and the 200-day moving average. A downward trend is becoming evident, with selling pressure emerging on rebounds. The pair briefly climbed into the Ichimoku cloud but was pushed back down after encountering resistance at the 90-day moving average.
With the Trump administration’s potential auto tariffs on Japan creating uncertainty, the JPY may strengthen in response to risk aversion.
Key levels to watch include the 200-day moving average and the recent low of 150.93 JPY. Attention should also be paid to when the Parabolic SAR signals a shift to a selling trend.
Day trading strategy (1 hour)
Analyzing the 1-hour USDJPY chart, the downtrend has intensified. The pair fell sharply from 154.80 JPY to 151.97 JPY, breaking below the 200-period moving average. A further decline toward the 150.93 JPY support level is expected. Key levels to monitor are 151.57 JPY and 150.93 JPY.
Day Trading Strategy
Sell Limit Order: Near 152.50 JPY
Take Profit: 151.57 JPY
Stop Loss: Above the 200-period moving average
Given the current trend, a sell-biased approach is preferred.
Support/Resistance lines
Key support and resistance lines to consider:
151.95 JPY – Recent low
151.57 JPY – Major support level
Market Sentiment
USDJPY Sell: 42% / Buy: 58%
Today’s important economic indicators
Economic Indicators and EventsJapan TimeUS Holiday (Stock Markets Closed)–Japan GDP Release8:50Speech by FOMC Member23:30Speech by FOMC’s Bowman0:20 (Next Day)
*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.
