- USD / JPY is negotiated in the middle of 1442.00 after mixed American economic data and prudent commercial comments.
- Lower job openings in the United States and consumer confidence figures contrast with the continuous uncertainty of trade in the United States-China.
- The technical indicators suggest a lower bias with key SMAs pointing more and more, while the levels of immediate support and resistance are to the point.
The USD / JPY pair is negotiated on handle 142.00 during the North American session on Tuesday. The pair has seen an upward movement while the US dollar (USD) stabilized after the publication of the work data of Jols darker than expected and a sharp decline in consumer confidence. However, the gains remain limited due to continuous uncertainty surrounding American commercial negotiations, in particular with China.
The industrial average of Dow Jones (DJIA) experienced a significant increase of more than 300 points, or 0.80%, because lower American economic data alluded to potential cuts in future interest rate, resulting in a drop in yields from the US Treasury. Despite this positive feeling on the stock market markets, the comments of the American secretary of the Treasury Scott Bessent concerning the lack of imminent commercial transactions and the remarks of the press secretary of the White House, Karoline Leavitt, on the potential tariff disclosure of Amazon injected a note of caution on the wider market.
In terms of data, the American Labor Statistics Bureau (BLS) said that the job offers for March fell to 7.19 million, below the 7.5 million planned and the previous reading of 7.48 million. This has marked the lowest level since September, indicating a cooling of labor demand. Adding to the economic image of time, the confidence index of the Conference Board consumer dropped at 86.0 in April, its lowest in almost five years, considerably missing the forecasts of 87.5 and the previous month. This decrease points out the increase in pessimism among us, consumers.
Despite the lowest data, the US Treasury Secretary Scott Bessent said President Donald Trump employed “strategic uncertainty” in commercial negotiations. Meanwhile, the Japanese Yen (JPY) has weakened at all levels, even underperforming other safety currencies, while investors anticipate the interior economic versions and upcoming US trade discussions. The Bank of Japan (BOJ) should largely maintain its current monetary policy, leaving the JPY sensitive to external factors and political inaction, according to the chief strategist of the FX of Scotiabank, Shaun Osborne. The BOJ's interest rate decision is scheduled for Thursday.
USD / JPY technical analysis
From the point of view of technical analysis, the USD / JPY pair displays lowered signals. Trading currently around 142.00, the pair recorded a slight gain of approximately 0.22% compared to the day, but remains in a range defined by 141.96 and 142.76. While the relative resistance index (RSI) at 40.03 offers a neutral perspective and the MacD indicates a potential purchase signal, the global trend seems to be lower. The 20 -day simple mobile average (SMA) at 144.03, the SMA at 100 days at 151.16 and the 200 -day SMA at 149.95 all suggest a sale pressure. The stochastic RSI fast at 77.40 and the bull bear power indicator at -1.59 are both neutral. In addition, the 10 -day exponential mobile average (EMA) at 142.80 and the 30 -day EMA at 145.13 also indicate a sales signal. The immediate support was identified around 142.26, while the resistance levels were grouped at 142.80, 142.87 and 144.02.
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