2025.07.02
2025.07.02
This article was :
published
updated
Yesterday the USDJPY showed a weak trend with a high of 144.05 shortly after the opening, and hit a low of 142.68 around GMT 12:00.
As Fed Chair Jerome Powell showed a cautious stance on rate cuts and BOJ Governor Kazuo Ueda also showed a cautious stance on rate hikes, the impact from officials' comments was limited. Dollar buying returned during New York hours, and trading for the day closed at 143.37 yen.
Today the USDJPY turned upward after hitting a low of 143.31 around GMT 00:00, and reached a high of 143.74 at GMT 02:00, but as of GMT 04:00 it is moving without direction in the 143.5-yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on July 2), although it has reversed, the upside is also heavy, and it is preferable to wait for a breakout in either direction. The area around 143.80 yen has been supported in the past, and if it breaks above here and continues to rise, a short-term trend reversal is possible.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
Don't miss trade opportunities with a 99.9% execution rate
Was this article helpful?
0 out of 0 people found this article helpful.
Thank you for your feedback.