USD/JPY: Pace of decline may slow – OCBC
Source Fxstreet
USD/JPY extended its decline as Trump tariff threats ramped up demand for safe haven proxies, including JPY, CHF and Gold. USD/JPY was last at 142.85 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Risks remain skewed to the downside
"Daily momentum turned mild bearish while RSI fell. Risks remain skewed to the downside. Next support at 142, 141.60 before 139.90 (recent low in April). Resistance at 144.40/60 levels (21 DMA, 23.6% fibo retracement of 2025 high to low) and 145.70 (50 DMA)."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The Bitcoin 2025 Conference organizers, BTC Inc., unveiled the list of featured speakers at this year's event in Las Vegas, and U.S. VP JD Vance is at the top among them.
Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.
Japan lost its 34-year reign as the world’s largest creditor nation to Germany at the end of 2024.
Gold (XAU/USD) price extends correction, sliding below the $3,300 mark at the time of writing on Tuesday amid improving risk-on mood and a stronger US Dollar (USD).
The Euro is trading higher for the second consecutive day, still fuelled by the delay of Trump’s deadline to avoid 50% tariffs in the US, while the Yen declines alongside super long-term Japanese yields.
Related Instrument
