Trade The World
USD/JPY: Interim upside risk – OCBC
Par FXStreet Insights Team
Date de publication: 25 Jul 2025 | Date de modification: 25 Jul 2025
POPULAR ARTICLES
USD/JPY took a turn higher as Tokyo core CPI surprised to the downside (2.9% vs 3% exp), further pushing back expectations of BoJ policy normalisation – in terms of the timing of the next rate hike. Pair was last at 147.87 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY took a turn higher as Tokyo core CPI surprised to the downside (2.9% vs 3% exp), further pushing back expectations of BoJ policy normalisation – in terms of the timing of the next rate hike. Pair was last at 147.87 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Slight upside risks ahead
"Daily momentum is flat while RSI rose. Slight upside risks ahead. Resistance at 147.90, 149.40/70 levels (200 DMA, 50% fibo retracement of 2025 high to low). Support at 146.40 (21 DMA), 145.20 (50 DMA)."
"While political uncertainty (referring to PM Ishiba’s political career), rating concerns (dependent on fiscal health) and carry play is supportive of USDJPY, 'sell USD' trade can overwhelm. We acknowledged that a carry trade may be appealing but also warned that the appeal can erode if USD sell-off returns in a big way."
FXStreet
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Read More
