- January 24, 2025
- Posted By: james w
- Category: Market News
Market Reaction to USDJPY Upcoming News Events
The USD/JPY currency pair, often referred to as “The Ninja,” represents the exchange rate between the US Dollar and the Japanese Yen. As a major currency pair, USDJPY is influenced heavily by economic fundamentals and monetary policies from both the United States and Japan. Today’s news agenda highlights key Japanese CPI data and PMI indicators, alongside critical US PMI releases and housing market updates. The Japanese CPI data, measuring inflation trends, and PMI figures, indicating manufacturing activity, are central to Yen volatility. Simultaneously, US PMI updates and housing data could influence the dollar by reflecting the underlying economic strength. A higher-than-expected CPI for Japan could strengthen the Yen, while robust US PMI figures might bolster the dollar, creating potential turbulence for USD JPY movements.
Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The USDJPY price action on the H4 chart exhibits a persistent bearish trend, with the pair recently breaking below the Ichimoku cloud—indicating sustained downward momentum. Currently, the price is trading below the 0.786 Fibonacci retracement level, suggesting further potential downside movement toward the 1.0 Fib level. RSI readings hover near oversold territory but have yet to confirm a reversal. The descending trendline above the price action reflects strong bearish pressure, and the RSI’s bearish divergence supports the case for continued selling. Unless there’s a catalyst from today’s news, USDJPY could test lower support zones, with 155.140 being a key level to monitor.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.