All eyes are on whether the direction of the USD/JPY pair will become clear following its recent seesawing
30.04.2025
- Rice · Personal Income
- Exclusive: Employment Statistics
In the U.S. currency market yesterday, the dollar traded in a narrow range against the yen after the U.S. March JOLTS job openings 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 for the past five business days, just below the 10-period MA.
Despite the improvement in Germany’s May GfK Consumer Confidence Index—which rose 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. 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 8:50 AM; NZ ANZ Business Confidence at 10:00 AM; Australia CPI at 10:30 AM; Japan Economic Sentiment Index and Housing Starts at 2:00 PM; South Africa Money Supply at 3:00 PM; Germany Employment Statistics at 4:55 PM; Germany Real GDP at 5:00 PM;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 fluctuating, becomes clearer.
Author: Keisuke Sakurai
