Weekly Analysis List
USD/JPY Weekly Analysis
5/5/25
Market Overview
USD/JPY Weekly Analysis (05.05.2025)
Trend and Momentum:
• The USD/JPY pair is currently in a corrective phase, trading around 144.00 .
• The pair has tested the upper Bollinger band and formed a Hanging Man reversal pattern on the H4 chart .
• The RSI (Relative Strength Index) is at 55.2, indicating moderate momentum .
Support and Resistance Levels:
• Support Levels:
o 143.31: Immediate support .
o 141.50: Secondary support .
o 139.55-85: Tertiary support .
• Resistance Levels:
o 144.20: Immediate resistance .
o 145.10: Secondary resistance .
o 146.40: Tertiary resistance .
Market Sentiment:
• The US services PMI is projected to decline from 54.4 to 51.4, which could weigh on the US dollar .
• The ISM non-manufacturing PMI is also expected to drop from 50.8 to 50.2, indicating a slowdown in the US service sector .
• Japan's Finance Minister Katsunobu Katō stated that Tokyo is not considering selling its $1.3 trillion treasury holdings as a negotiation tactic with the US .
Conclusion
Outlook:
• If the USD/JPY pair breaks above the 144.20 resistance level, it could advance towards 145.10 and potentially higher to 146.40 .
• Conversely, if the pair falls below the 143.31 support level, it might drop towards 141.50 and further down to 139.55-85 .
This analysis should give you a good overview of the USD/JPY pair's performance and potential movements for the week.