Main Quotes Calendar Forum
flag

FX.co ★ USD/JPY Forecast for April 3, 2025

parent
Forex Analysis:::3 April at 3:07AM (UTC+0)

USD/JPY Forecast for April 3, 2025

USD/JPY

After Washington imposed a 24% tariff on Japanese imports, the Nikkei 225 has decreased by 2.71% during today's Pacific session. The USD/JPY pair is falling by roughly 150 pips.

USD/JPY Forecast for April 3, 2025

On the daily chart, the signal line of the Marlin oscillator is crossing into bearish territory, opening the door for a deeper decline. The price has dropped below the balance line and remains below it. The first target is the 145.08–144.91 range, followed by support at 143.45 — the low from August 26, 2024.

USD/JPY Forecast for April 3, 2025

On the four-hour chart, the price decline began after a second reversal from the MACD indicator line. As of now, the price has consolidated below the 149.38 support level. The Marlin oscillator has deeply entered the negative zone, nearing oversold conditions, which may lead to a slowdown in the decline and some consolidation before reaching the 145.08–144.91 target range.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...