USDJPY poised for a new bullish wave; will it succeed?

USDJPY sets the ground for a bullish reversal, but it's still trapped below key resistance. Technical signals cannot rule out more bearish actions; sellers wait below 140. Fed to deliver its first rate cut in four years at 18:00 GMT.
XM Group | Pred 308 dňami

 

USDJPY turned green on Tuesday, marking its best daily session in a month after securing a solid base around the 140 number.

The time has finally come for the Fed to make a crucial decision between a 25bps or a 50bps rate cut today at 18:00 GMT and the pair seems to have completed a bullish dragonfly candlestick pattern. Following a steep downward trend from a 38-year high of 161.94, the price might again push for some recovery, especially if the central bank announces a normal 25bps reduction.

Nevertheless, previous bullish endeavors were unable to surpass the 20-day exponential moving average (EMA) at 143.55, and additional obstacles may arise at the 145.00 trendline region prior to the 50-day EMA at 147.25.

Despite a slight improvement in technical indicators, downside risks persist as the RSI remains deep in bearish territory. Nonetheless, only a close below the 140.00 floor could bolster selling forces towards the 137.00-137.80 trendline zone. There are two more constraining lines to the downside, passing through 135.60 and 134.00. Falling lower, the pair might next stop near 133.00.

In short, USDJPY may be preparing for its next consolidation or bullish phase, but it’s unknown if it will successfully break above the 20-day EMA and exceed 145.00.

Regulácia: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
ATFX Market Outlook 23rd July 2025

ATFX Market Outlook 23rd July 2025

The S&P 500 closed at a record high on Tuesday, despite a sharp drop in General Motors and gains in Tesla, as investors focused on recent and upcoming corporate earnings and signs of progress in U.S. trade negotiations. U.S. equity indices were mixed: the Dow rose 0.4%, the S&P 500 edged higher, and the Nasdaq fell 0.39%.
ATFX | Pred 14 h 16 min
ATFX Market Outlook 22nd July 2025

ATFX Market Outlook 22nd July 2025

The S&P 500 and Nasdaq closed at record highs on Monday, led by gains in Alphabet and other mega-cap tech stocks. Investors remain optimistic that a potential trade deal could offset the economic damage from the Trump administration's global tariffs, as several major companies are set to report earnings this week. Among the main indices, the Dow dipped slightly, while the Nasdaq increased by 0.38%
ATFX | Pred 1 dňom
ATFX Market Outlook 21st July 2025

ATFX Market Outlook 21st July 2025

Last Friday, the U.S. dollar weakened, supported by dovish comments from the Federal Reserve, although some Fed officials remained cautious due to concerns about inflation. The dollar continued to trade on the softer side, with the euro rising over 0.26% against the greenback.
ATFX | Pred 2 dňami
ATFX Market Outlook 18th July 2025

ATFX Market Outlook 18th July 2025

U.S. retail sales rose more than expected in June, indicating a modest improvement in economic activity. The data provided to the Federal Reserve offered additional justification for delaying rate cuts while assessing the inflationary impact of import tariffs.
ATFX | Pred 5 dňami
AUD Sinks on Soft Jobs Data, RBA Cut Bets Climb

AUD Sinks on Soft Jobs Data, RBA Cut Bets Climb

On July 16, 2025, oil slipped below the $66 mark as geopolitical fears surrounding Russia eased after the White House softened its stance. Meanwhile, silver extended its rally toward $38.00 amid safe-haven demand, and the New Zealand Dollar held firm above 0.5950 in a risk-on environment.
Moneta Markets | Pred 6 dňami
ATFX Market Outlook 17th July 2025

ATFX Market Outlook 17th July 2025

The Fed’s Beige Book showed moderate economic growth but flagged rising price pressures due to tariffs, casting a pessimistic outlook. U.S. equities closed modestly higher on Wednesday after intraday volatility sparked by reports that President Trump planned to dismiss Fed Chair Jerome Powell. Stocks rebounded late in the session, with the Nasdaq hitting another record high.The Dow Jones rose 0.5%
ATFX | Pred 6 dňami