Fundamental Analysis

• President Trump Delays Auto Tariffs on Canada and Mexico
• US Stock Indices Rise Amid High Market Volatility

USDJPY Technical Analysis

USDJPY briefly approached 148 JPY, significantly breaking below December’s low, continuing its yen appreciation trend. The 200-day moving average is sloping downward, and the 52-day moving average is also in a downward trend.

Analyzing RSI, both an upper and lower trendline can be drawn. If the trendline connecting the highs is broken upward, there is a possibility that USDJPY may aim for 150 JPY again.

Due to frequent changes in statements from the Trump administration, market volatility remains extremely high. Continued caution is advised.

Day trading strategy (1 hour)

Analyzing the 1-hour chart of USDJPY:

• RSI is above 50, indicating an upward trend.
• The price has touched the 52-period moving average.
• The daily conversion line may serve as a resistance level for selling opportunities, currently at 149.70 JPY.

Day Trading Strategy:

• Sell at 149.70 JPY
• Stop at 150.20 JPY
• Take profit at 148.65 JPY

Support/Resistance lines

Key support and resistance lines to consider:

• 149.70 JPY – Daily conversion line

Market Sentiment

USDJPY: Sell: 42% / Buy: 58%

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*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.