Ultima Markets | USDJPY Analysis: the yen is about to adjust in the short term

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for April 8, 2025.

Fundamental Analysis of USDJPY

USDJPY Key Takeaways

• Investor panic converges: Asian markets diverged on Tuesday, and global panic slowed as investors further digested the tariff news. In particular, the overnight US stock market stopped plummeting, providing a relatively optimistic external environment for Asian markets.

• US-Japan tariff negotiation expectations become the focus: Yesterday, Bessant said in an interview that negotiations with Japan are expected to be very fruitful. CCTV reported on April 8 that on April 7, local time, US President Trump issued a statement on his personal social media platform, announcing the news of his discussion of tariffs with the Japanese Prime Minister, and insisted that Japan had taken advantage of the United States in auto trade.

Technical Analysis of USDJPY Daily and Hourly Charts

USDJPY Daily Chart Insights

Stochastic oscillator: The indicator is about to send a bullish signal before entering the oversold area, suggesting that the short-term downward trend is not smooth and there is a probability of short-term shock adjustment.

• Rebound high: The exchange rate has a false breakthrough, and the USD/JPY is currently back above 146.50. There is a probability of continued rebound during the Asian session, and the next resistance target is the purple 13-day moving average.

USDJPY 1-hour Chart Analysis

Stochastic oscillator: The indicator showed a bearish signal in the US session yesterday, and the exchange rate subsequently fluctuated downward. Based on the fact that the exchange rate has not yet fallen below the key support, the indicator can pay attention to the trending opportunity after the bullish signal appears again

• Retracement price: USD/JPY has retreated below the purple 13-day moving average during the Asian session, and the next target is near the black 65-period moving average.

Pivot Indicator Insights for USDJPY

According to Pivot Indicator in Ultima Markets APP, the central price of the day is established at 146.90,

• Bullish Scenario: Bullish sentiment prevails above 146.90, first target 148.20, second target 149.00;

• Bearish Outlook: In a bearish scenario below 146.90, first target 146.10, second target 145.30.

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