USDJPY Analysis: appreciation trend of the yen has slowed down

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for April 17, 2025.

Fundamental Analysis of USDJPYUSDJPY Key Takeaways

  • US-Japan tariff negotiations: Japanese media said that tariff negotiations between Japan and the United States began in Washington on Wednesday, and both sides expressed goodwill, but little progress was made except for agreeing to talk again. “There is still a gap between the positions of Japan and the United States,” Japanese Prime Minister Shigeru Ishiba said in Tokyo on Thursday morning. He also said that he was considering direct talks with Trump at the appropriate time.
  • Speech by the Governor of the Bank of Japan: Kazuo Ueda, Governor of the Bank of Japan: It will take some time for interest rate adjustments to affect prices; I hope to observe medium- and long-term price trends. The factors affecting price trends have changed rapidly recently. The trend and operation of the bond market will be carefully checked.

Technical Analysis of USDJPY Daily and Hourly ChartsUSDJPY Daily Chart Insights

(USDJPY Daily Price Chart, Source: Ultima Markets MT5)

  • Stochastic oscillator:The indicator has not issued any reversal signal after entering the oversold area. Investors should not buy the bottom too early and blindly look at the long position.
  • Support price: The exchange rate is blocked near the key support price of 141.740. There is a probability of short-term adjustment after the continuous decline of USD/JPY.

USDJPY 2-hour Chart Analysis

(USDJPY H1 Price Chart, Source: Ultima Markets MT5)

  • Stochastic oscillator: The indicator repeatedly oscillates and adjusts near the 50 median line, suggesting that the short-term long and short forces are in a game. The indicator sends a long signal above the overbought level, which makes it clear that there is a probability of a rebound during the day.
  • False breakthrough: After the exchange rate fell below the key 142 integer mark yesterday, it quickly rebounded to the purple 13-period moving average. The false breakout trend makes it clear that the bullish probability prevails during the day, but it is worth noting that the exchange rate needs to break through the intraday high again before paying attention to short-term trend-following opportunities.

USDJPY PIVIOT INDICATOR

(USDJPY M30, source: Ultima Markets APP)

  • According to the trading central pivot line indicator of Ultima Markets APP, the central price of the day is 142.90,
  • Bullish above 142.90, first target 143.30, second target 143.60
  • Bearish below 142.90, first target 141.55, second target 141.15

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