Fundamental Analysis

• The Trump administration has announced new tariffs, imposing a 100% tariff on foreign-made films.
• USDJPY is supported by the 26-day moving average, with markets awaiting the U.S. FOMC decision.

USDJPY Technical Analysis

The daily chart of USDJPY shows the 26-day moving average acting as a support level. The announcement of unusual tariffs targeting the film industry has stirred uncertainty in the market. As this is an unprecedented measure, its potential impact remains unclear but is likely to be perceived negatively.

The RSI remains at 48, and market sentiment is evenly split between buyers and sellers. Whether USDJPY will break below the 26-day moving average is likely to become a key focus.

Day trading strategy (1 hour)

On the 1-hour chart of USDJPY, a triangle pattern is emerging. Support is seen at 143.50JPY, while lower highs are forming (highlighted in light blue). If the triangle breaks out to the upside, a move toward higher highs is expected.

The day trading strategy is to enter a long position upon trendline breakout, with a stop at 143.50JPY and a take profit around 145.80JPY.

Support/Resistance lines

Key support and resistance lines to consider:

• 145.91JPY – Recent high
• 143.50JPY – Recognized support level

Market Sentiment

USDJPY – Sell: 50% / Buy: 50%

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