USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.06% | -9 Pips |  | ||
| Week to-date | 0.53% | 78 Pips |  | ||
| July | 3.08% | 443 Pips | | ||
Upcoming key events (London Time)
Wed 01:30 PM USD GDP annual rate Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Thu 04:00 AM JPY Bank of Japan Short-Term Policy Interest Rate Thu 01:30 PM USD PCE Price Index, excluding food and energy (12-mth)
What happened lately
The United States saw a decrease in job openings for June 2025, with the Bureau of Labor Statistics reporting a reduction from 7.769 million in May to 7.437 million in June according to the Job Openings and Labor Turnover Survey. This drop in job openings indicates a cooling in the labor market, which could suggest reduced pressures on wage inflation. Concurrently, the U.S. House Price Index saw a slight improvement in May 2025, moving from a revised -0.3% in April to -0.2% as reported by the Federal Housing Finance Agency. Although still in negative territory, the improvement suggests a marginal stabilization in house price declines, potentially reflective of slightly improved demand or reduced selling pressure.
The recent economic data from the United States, particularly the decline in job openings, could influence the USDJPY currency pair. A decrease in job openings may be construed by investors as a signal of a cooling U.S. labor market, potentially exerting downward pressure on the value of the U.S. dollar. This could result in a weakening of the USD, making it less attractive compared to other currencies, such as the Japanese yen. Given that USDJPY dropped by -0.06% to 148.44, this suggests the pair is in a consolidation phase as traders await more data. Upcoming events, notably the GDP annual rate and the Federal Reserve’s interest rate decision, will likely have significant impacts on the USDJPY movement. Anticipation of these announcements may lead to cautious trading, while actual data releases could result in volatility and provide clearer directional signals for the currency pair.
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What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.06% to 148.44. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 148.11 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 148.80 or trades above daily pivot 148.46. While to the downside, the daily low of 148.13 and 148.11 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 148.13 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 149.45 |
| R2 | 149.13 |
| R1 | 148.78 |
| Daily Pivot | 148.46 |
| S1 | 148.11 |
| S2 | 147.79 |
| S3 | 147.44 |