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.

Yen weakness has hung around and USD/JPY and GBP/JPY both retain bullish appeal. But for those looking for Yen-strength, perhaps in anticipation of next month’s policy review from the BoJ, EUR/JPY could hold greater attraction.

US Dollar reversed off technical resistance last week with USD/JPY now testing initial trend support. Battle lines drawn on the USD/JPY short-term technical charts.

USD/JPY is poised to snap a four-week rally with an outside-weekly reversal threatening a larger pullback. Battle lines drawn on the weekly/daily technical charts.