Created
: 2025.04.22
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/JPY Price Forecast: At make or a break around 140.00
World FX news
Breaking news
USD/JPY Price Forecast: At make or a break around 140.00
New
2025.04.22 22:56
2025.04.22 22:56
2025.04.22 22:56
- USD/JPY pares some of its intraday losses as the US Dollar strives to gain a temporary ground.
- The US Dollar has remained weak due to multiple headwinds.
- The BoJ is expected to continue raising interest rates.
The USD/JPY pair recovers some of its intraday losses but is still trading down near 140.65 during North American trading hours on Tuesday. The asset has demonstrated a sharp downside move in the last two weeks and revisited the 21-month low near 139.60.
The pair has remained weak as back-and-forth tariff announcements by United States (US) President Donald Trump and his tussle with Federal Reserve (Fed) Chair Jerome Powell have dampened the credibility of the US Dollar.
During North American trading hours, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, attracts some bids and rebounds to near 98.50 but is still close to the three-year low of 98.00.
Meanwhile, the Japanese Yen (JPY) has performed strongly as the global economic uncertainty due to an absence of clarity over Trump's tariffs has improved its safe-haven appeal.
Additionally, firm expectations that the Bank of Japan (BoJ) will hike interest rates again this year have also strengthened the Yen. The BoJ is expected to continue supporting interest rate hikes, a report from Reuters indicated. The agency reported that higher risks from higher US tariffs won't derail a cycle of rising wages and inflation seen as crucial to keep raising interest rates.
USD/JPY trades at a make-or-break point near the psychological level of 140.00. The outlook of the pair is strongly bearish as the 20-day Exponential Moving Average (EMA) is sloping downwards, which trades around 144.80.
The 14-day Relative Strength Index (RSI) oscillates in the bearish range of 20.00-40.00, indicating a strong downside momentum.
The asset would face more downside towards the 28 July 2023 low of 138.00 and the 14 July 2023 low of 137.25 after sliding below the September 16 low of 139.58.
On the flip side, a recovery move above the April 21 high of 142.15 will drive the asset towards the April 16 high of 143.28, followed by the April 9 low of 144.00.
USD/JPY daily chart
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2025.04.22
Related articles
Mexican Peso strengthens to yearly high as trade war cools, mood improves
2 minutes agoUS Dollar attempts modest recovery amid Fed independence concerns, growth downgrades
11 minutes agoEUR/GBP Price Analysis: Holds bullish tone despite minor decline
2025.04.23 01:55US Treasury Secretary Bessent sees de-escalation with China - Bloomberg
2025.04.23 01:33USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness
2025.04.23 01:30EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
2025.04.23 00:35
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Mexican Peso strengthens to yearly high as trade war cools, mood improves
The Mexican Peso (MXN) posted substantial gains versus the US Dollar (USD) on Tuesday, sponsored by an improvement in risk appetite due to optimistic news of a 'de-escalation' of the trade war between the US and China. At the time of writing, USD/MXN trades at 19.58, down 0.61%.
New
2025.04.23 03:17US Dollar attempts modest recovery amid Fed independence concerns, growth downgrades
The US Dollar Index (DXY) struggled to extend its bounce on Tuesday, hovering near the 98.50 zone after recovering slightly from the three-year trough of 98.01. The rebound came as markets reopened from the Easter Monday holiday and reassessed the broader macro landscape.
New
2025.04.23 03:07Gold pulls back from $3,500 record as China trade hopes spur profit-taking
Gold price retreats after hitting a record high at $3,500, but traders booking profits and improving risk appetite send the Bullion drifting lower, although US Treasury yields drop. At the time of writing, XAU/USD hovers near $3,400, down over 0.63%.
New
2025.04.23 02:37EUR/GBP Price Analysis: Holds bullish tone despite minor decline
The EURGBP pair is exhibiting a bullish overall signal, currently trading around the 0.8600 area after slipping slightly during Tuesday's session following the European close.
New
2025.04.23 01:55US Treasury Secretary Bessent sees de-escalation with China - Bloomberg
The US Treasury Secretary Scott Bessent commented that the tariff standoff with China is unsustainable and that he expects a de-escalation of the situation.
New
2025.04.23 01:33USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness
The USD/CAD pair is treading water near the 1.3850 zone on Tuesday, struggling to extend its rebound after printing a fresh six-month low closer to the 1.3800 handle.
New
2025.04.23 01:30Dow Jones jumps 900 points on Tesla optimism, but Powell tensions keep market fragile
The Dow Jones Industrial Average (DJIA) recovered on Tuesday, gaining over 900 points or 2.49% above the 39,000 figure as investors await Tesla's (TSLA) earnings report late in the day.
New
2025.04.23 01:16EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
The EURUSD pair is flashing a bullish signal, currently seen trading around the 1.1500 area after posting a slight decline during Tuesday's session following the European close.
New
2025.04.23 00:35GBP/USD retreats from YTD high past 1.34 on Fed turmoil
The Pound Sterling reverses its course after reaching a daily high of 1.3423 due to concerns over the Federal Reserve (Fed) independence, spurred by US President Donald Trump's harsh comments against Fed Chair Jerome Powell. At the time of writing, the GBP/USD is trading at 1.3383, up 0.17%.
New
2025.04.22 23:48USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing
The USD/CAD pair trades flat around 1.3850 during North American trading hours on Tuesday. The Loonie pair turns sideways after posting a fresh six-month low near 1.3800 as the US Dollar (USD) looks for a cushion after having a downside run in the last two weeks.
New
2025.04.22 23:42Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
