All eyes are on whether the direction of the USD/JPY pair will become clear following the "buy-and-sell" pattern

All eyes are on whether the direction of the USD/JPY pair will become clear following the "buy-and-sell" pattern

30.04.2025

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 report, 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. Price action remained confined to the area 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 just below the 10-period MA for the past five trading days.

Despite the improvement in Germany’s May GfK Consumer Confidence Index—which rose from -24.5 in the previous month to -20.6—as announced yesterday, the euro fell against the yen.The EUR/JPY pair fell from 162.536 to 161.880. A decline along the 20-period moving average (MA) on the hourly chart was observed. 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 MAs.

Today, at 8:50 a.m., Japan’s industrial production, retail sales, and department store/Supermarket Sales, at 10:00 AM: NZ ANZ Business Confidence, at 10:30 AM: AU CPI, at 2:00 PM: JP Economic Sentiment Index, JP Housing Starts, at 3:00 PM: SA Money Supply, at 4:55 PM: DE Employment Statistics, at 5:00 PM: DE Real GDP,6:00 PM: Eurozone Real GDP; 8:00 PM: US MBA Mortgage Applications; 9:00 PM: Germany CPI; 9:15 PM: US ADP Employment Report; 9:30 PM: US Real GDP, Canada Real GDP; 10:45 PM: US Chicago PMI; 11:00 PM: US Personal Income.I’d like to wait and see if the direction of the USD/JPY pair, which has been trading in a range, becomes clearer.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed