USD/JPY had surged past 147 on the back of Trump’s tariff letter to Japan—but quickly pulled back as risk appetite stabilized and Treasury yields softened. Price action now sits around the low-146s.
Technically, the 100-day SMA is providing key support just below 146.00. If bulls hold this level, we could see another push toward 147.20–148.00. On the downside, any surprise from upcoming Fed speakers or Japanese trade negotiations could send the pair testing the 144.00 zone again. Traders are watching Osaka closely, U.S. Treasury Secretary Scott Bessent is expected to meet Japanese officials at the World Expo, which could shape sentiment fast.
Technically, the 100-day SMA is providing key support just below 146.00. If bulls hold this level, we could see another push toward 147.20–148.00. On the downside, any surprise from upcoming Fed speakers or Japanese trade negotiations could send the pair testing the 144.00 zone again. Traders are watching Osaka closely, U.S. Treasury Secretary Scott Bessent is expected to meet Japanese officials at the World Expo, which could shape sentiment fast.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.