empty
20.03.2025 11:31 AM
USD/JPY. Analysis and Forecast

This image is no longer relevant

The Japanese yen maintains its bullish bias, driven by expectations that the Bank of Japan will continue raising interest rates this year.

A strong increase in wages could boost consumer spending, which, in turn, would support inflation and provide the Bank of Japan with room to further tighten its monetary policy.

Despite this, uncertainty surrounding U.S. trade policy under President Donald Trump and geopolitical risks continue to reinforce the yen's status as a safe-haven asset, leading to an intraday decline in USD/JPY towards the 148.00 level. However, moderate strength in the U.S. dollar is limiting further losses. Additionally, expectations of multiple rate cuts by the Fed this year could cap the dollar's upside, thus restraining the pair's potential gains.

Technical Outlook

From a technical perspective, USD/JPY's failure to sustain gains above the psychological 150.00 level, followed by a subsequent decline, suggests that the recent rebound from a multi-month low has lost momentum.

Bearish oscillators on the daily chart support the likelihood of further downside. A break below 148.00 could open the door to the next support level near 147.70, with the downward move possibly extending toward 147.30, the 147.00 round figure, and the 146.55–146.50 zone, which marks the lowest level since early October.

On the other hand, any recovery attempts could face resistance around the Asian session high near 149.00. A supply zone exists between 149.25 and 149.30, above which USD/JPY may attempt a return to the 150.00 psychological level.

A break above yesterday's high at 150.15 could trigger a short-covering rally, driving prices toward the intermediate resistance at 150.60, followed by 151.00 and the monthly high near 151.30.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Japanese Yen The test of the 142.86 price level occurred when the MACD indicator had just started moving down from the zero line

Jakub Novak 09:02 2025-05-01 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the British Pound The test of the 1.3350 price level in the second half of the day coincided with the MACD indicator having already

Jakub Novak 09:00 2025-05-01 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Euro The first test of the 1.1354 price level in the second half of the day occurred when the MACD indicator had already

Jakub Novak 08:57 2025-05-01 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 30th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 142.82 price level occurred at a time when the MACD indicator had already moved significantly above

Jakub Novak 13:23 2025-04-30 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 30th (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The test of the 1.3377 price level occurred at a time when the MACD indicator had already moved well below

Jakub Novak 13:20 2025-04-30 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 30th (U.S. Session)

Trade Analysis and Tips for Trading the Euro The test of the 1.1386 price in the first half of the day coincided with the MACD indicator having already moved

Jakub Novak 13:18 2025-04-30 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades

The test of the 142.54 level in the second half of the day coincided with the MACD indicator just beginning to move downward from the zero line, confirming a correct

Jakub Novak 08:31 2025-04-30 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades

The test of the 1.3400 level in the second half of the day coincided with the MACD indicator just beginning to move upward from the zero line, confirming a correct

Jakub Novak 08:31 2025-04-30 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades

The test of the 1.1398 level in the second half of the day occurred when the MACD indicator had just begun to move upward from the zero line, confirming

Jakub Novak 08:31 2025-04-30 UTC+2

Intraday Strategies for Beginner Traders on April 30

The rise of the euro and the pound has paused. Yesterday's weak U.S. consumer confidence data failed to seriously pressure the dollar, resulting in only a modest strengthening

Miroslaw Bawulski 08:31 2025-04-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.