All eyes are on whether the direction of the USD/JPY pair, which has been fluctuating, will become clear.
30.04.2025
- U.S. Personal Income
- German Employment Statistics
In the U.S. currency market yesterday, the U.S. dollar traded in a narrow range against the yen after the March JOLTS job openings figure, released yesterday, came in at 7.192 million—down from 7.568 million the previous month and below the market forecast of 7.520 million.USD/JPY traded between 141.936 and 142.755, with price action consistently fluctuating around the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the RSI has been stagnating around 45, while on the daily chart, the pair has been trading at the same level for the past five business days, just below the 10-period MA.
Despite the German GfK Consumer Confidence Index for May, released yesterday, improving to -20.6 from -24.5 the previous month, the euro fell against the yen.The euro/yen pair fell from 162.536 to 161.880. The decline followed the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price fell just below the 200-period exponential moving average (EMA). On the daily chart, the market is searching for direction amid a cluster of short- and long-term moving averages.
Today, at 8:50, Japan’s industrial production, retail sales, and department store/supermarket sales at 8:50; the NZ ANZ Business Confidence Index at 10:00; the Australian Consumer Price Index at 10:30; the Japan Economic Sentiment Index and Japan Housing Starts at 14:00; South Africa’s Money Supply at 15:00; the GermanEmployment Statistics, at 17:00: Germany’s Real GDP, at 18:00: Eurozone’s Real GDP, at 20:00: U.S. MBA Mortgage Applications Index, at 21:00: Germany’s Consumer Price Index, at 21:15: U.S. ADP Employment Report, at 21:30: U.S. Real GDP,Canada’s real GDP, the U.S. Chicago PMI at 22:45, and U.S. personal income at 23:00. I’d like to wait and see if the direction of the USD/JPY pair—which has been trading in a range—will become clearer.
