Market Analysis

Dollar - yen (USDJPY)

Fundamental Analysis

Japanese Yen rose to a four-week high at 142.16/USD, bolstered by comments from BOJ Governor Kazuo Ueda, who said the central bank may continue raising interest rates if inflation remains stable. He specifically warned about the impact of food prices on core inflation.

Additionally, the weaker USD, driven by concerns over U.S. debt and unpredictable trade policies, has increased demand for the yen as a safe-haven asset. Japanese government bond yields dropped sharply, with the 40-year yield falling 10 basis points to 3.435%.

Technical Analysis

Price is moving within a well-defined downtrend channel, marked by two parallel blue lines.The bearish structure began after failing to hold the 147–145.5 resistance zone and breaking below key EMA support.

Current RSI: 32.22, nearing the oversold level (<30). There is a slight bullish divergence between price and RSI, suggesting a potential short-term technical rebound. The recent sell-off occurred on high volume, but volume has been gradually decreasing, possibly indicating weakening selling pressure.

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