Japanese yen

Two trades that may be poised to benefit from the Trump economy next year: The U.S. Dollar and Bitcoin. The levels that matter on the technical charts heading into 2025.

USD/JPY surged post-FOMC with the bulls charging towards a major pivot-zone at uptrend resistance. Battle lines drawn on the USD/JPY weekly technical chart.

USD/JPY has risen by approximately 8% since late October, primarily favoring the US dollar and pushing the yen into a constant bearish zone.

Japanese Yen strength has taken a step back in December, and USD/JPY is testing a big spot of support as EUR/JPY tests a key spot of resistance.

Commodity FX pairs have failed to make much ground from the weaker yen, and with the RBA opening the door to cuts than I suspect the currency bounce on AUD/JPY could provide futile. And that there could be another large drop on the horizon..

US Dollar rebounded off technical support last week with USD/JPY now testing the November downtrend. Battle lines drawn on the USD/JPY short-term technical charts.

USD/JPY broke below a major support pivot this week with the bears now threatening a larger correction. Battle lines drawn on the weekly/daily technical charts.

USD/JPY set a lower-high last week even as DXY spiked up to a fresh two-year-high. And there’s now a short-term descending triangle formation setting up in the pair.

The 150 level had held as resistance in USD/JPY until this week’s US open, at which point another DXY-fueled breakout appeared. The next major level up is the same that held multi-year highs in the pair in Q4 of each of the past two years.

For FX traders the USD/JPY backdrop has been full of intrigue for the past couple years, and that story isn’t yet over as the pair nears the spot that’s been the scene of some major drama in the pair after the build of the carry.

USD/JPY surged nearly 7% off the yearly low with a rebound off technical support now testing a major pivot zone. Battle lines drawn on the weekly/daily technical charts.

It’s been a fast start to Q4 for the US Dollar. The turn in EUR/USD was a big driver yesterday and today, USD/JPY has taken over with buyers continuing a strong bounce from the Monday low.

USD/JPY marked a weekly-reversal off key support last week with this week’s range now set just below resistance. Battle lines drawn on the weekly/daily technical charts.

USD/JPY has continued to bounce after the failed breakdown at 140.00 to start last week. But after trendline resistance has come into play, are sellers starting to take another swing?

USD/JPY has plunged more than 13% from multi-decade highs to major support at fresh yearly lows. Battle lines drawn on the weekly & daily technical charts ahead of FOMC.

USD/JPY has continued to push-lower and with the Fed expected to start a rate cutting cycle next week, the fundamental case on the long side of the pair gets less and less attractive.

Japanese Yen is back on the offensive with USD/JPY plunging more than 2% this week. Battle lines drawn on the weekly & daily technical charts.