JPY – Expectations of a weaker impact of reciprocal tariffs weigh on safe-haven yen

From the technical chart, not only the RSI and stochastic index are rising, but the 10-day moving average is also breaking above the 25-day moving average to form a golden cross, which is seen as a medium-term positive signal, that is, the USD/JPY is still inclined to continue to rise in the short and medium term. Based on the cumulative decline this year, the rebound level of 38.2% is at 151.25, and the expansion to 50% and 61.8% is at 152.70 and 154.15. After that, 155 was also regarded as an important reference. The support below looks back to 149.50 and the 25-day moving average of 149.10, and the largest support is forecasted to 148 and 147 levels.

Forecast range:
Resistance 151.25 – 152.70 – 154.15 – 155.00
Support 149.50 – 149.10 – 148.00 – 147.00

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