USDJPY at a crossroads ahead of US CPI inflation

USDJPY slips toward key support region of 156.65. Technical signs reflect falling buying appetite. US CPI inflation figures due for release at 13:30 GMT.
XM Group | 173 days ago

USDJPY is feeling the heat again after its soft upturn on Tuesday couldn’t surpass the 158.00 level, and with the US CPI inflation figures coming up later in the day, things could get interesting.  

The pair pulled lower and is currently trading slightly above its 20-day exponential moving average (EMA) and the lower boundary of a short-term bullish channel, both seen around 156.65. If that base cracks, the bears could forcefully squeeze the price toward the 154.30-154.70 zone formed by the 50-day EMA and the broken resistance trendline drawn from July’s top. The 23.6% Fibonacci retracement of the latest uptrend is adding extra credence to this region, though a break below the tentative support trendline at 153.30 could be a bigger concern for the bulls. In fact, it could cause another steep downfall toward the 200-day EMA and the 38.2% Fibonacci mark of 151.50.

According to the falling technical indicators, the risk is skewed to the downside, though if the 156.65 floor stands firm, the bulls may stage another battle within the 158.00-158.75 zone. A victory there would brighten the outlook, likely fueling more buying toward the 160.20 number, and then if the 161.00 mark proves easy to pierce, the focus could turn to the 162.00 area.

In brief, the upward trend in USDJPY seems to be losing power, with sellers eyeing the 156.65 region for more downside. Yet, a real bearish signal could come once below 153.30.

Regulation: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

On July 8, gold slips below $3,350 as risk appetite improves. Silver holds steady near $36.90, while AUD/USD rises to 0.6855 ahead of the RBA decision. USD/JPY surges above 161.00 as BoJ tightening bets fade. PBOC sets USD/CNY at 7.1534, signaling stability. Focus now shifts to US CPI, central bank guidance, and trade progress for market direction.
Moneta Markets | 56 minutes ago
ATFX Market Outlook 8th July 2025

ATFX Market Outlook 8th July 2025

U.S. President Trump signed an order delaying “reciprocal” tariffs from July 9 to August 1 and warned of steep hikes from that date, escalating trade tensions. U.S. stocks closed sharply lower, with the Dow down 0.94%, the S&P 500 falling 0.79%, and the Nasdaq dropping 0.92%. Tesla also tumbled after Elon Musk announced plans to launch a new political party.
ATFX | 3h 28min ago
Yen Weakens as Japanese Data Sends Mixed Signals

Yen Weakens as Japanese Data Sends Mixed Signals

The USD/JPY pair edged higher on Monday, reaching 144.81, as the yen relinquished its earlier gains. The currency faced downward pressure following the release of disappointing wage figures, which dampened expectations for further monetary policy tightening by the Bank of Japan.
RoboForex | 21h 7min ago
ATFX Market Outlook 7th July 2025

ATFX Market Outlook 7th July 2025

U.S. dollar weakened against major currencies after President Trump’s landmark tax cut bill was passed, amid mounting pressure on countries to strike trade deals with Washington. As markets brace for the July 9 tariff deadline—targeting countries like Japan that have yet to reach agreements—the dollar index slipped 0.1% to 96.92.
ATFX | 1 day ago
ATFX Market Outlook 4th July 2025

ATFX Market Outlook 4th July 2025

The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.
ATFX | 4 days ago
Rate Shifts Steer FX Markets as Silver Holds Strong

Rate Shifts Steer FX Markets as Silver Holds Strong

On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.
Moneta Markets | 4 days ago
ATFX Market Outlook 3rd July 2025

ATFX Market Outlook 3rd July 2025

Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions
ATFX | 5 days ago
Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

On July 2, the USD stabilizes as Fed rate cut bets build. GBP/USD nears 1.3750 highs, NZD/USD extends above 0.6120, and AUD/USD holds near 0.6820 despite soft retail sales. USD/JPY recovers to 146.20, while silver dips below $36. Markets await US labor data and Fed remarks for direction ahead of July 4.
Moneta Markets | 6 days ago