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USD/JPY Slides as US-China Trade Dialogue Eases Tensions
Summary:
USD/JPY weakens to 143.40 as US-China trade talks lift risk appetite and weigh on the dollar. Technicals point to further downside unless 144.26 is reclaimed.
CLOSED
143.300
ENTRY
139.830
TGT
145.000
SL
145.349 -0.544 -0.37%
1700
Points
Loss
139.830
TGT
145.004
CLOSING
143.300
ENTRY
145.000
SL
The USD/JPY currency pair has come under renewed selling pressure this week, sliding to levels around 143.40 as investors respond positively to an apparent thaw in US-China trade relations. This shift in geopolitical tone, combined with softer demand for the US dollar ahead of a pivotal Federal Reserve policy meeting, has triggered renewed interest in the Japanese yen—a traditional safe-haven currency that appears to be gaining on the back of easing uncertainty rather than outright panic.
In recent sessions, the announcement that senior US and Chinese trade representatives will convene in Switzerland to resume formal discussions has prompted a reassessment of risk across global financial markets. After months of diplomatic friction and tariff-related threats, the move toward dialogue represents a clear shift in sentiment. It follows an unsettling episode earlier in the week when former President Donald Trump—widely seen as a likely 2024 candidate—announced 100 percent tariffs on US-produced films and warned that levies on pharmaceuticals could be announced shortly. Those remarks initially spooked markets and briefly sent the dollar higher against the yen, but the reversal in risk appetite has since dictated a different trajectory.
Technical Analysis
At the technical level, USD/JPY’s recent failure to reclaim and hold above the important pivot zone between 144.26 and 143.84 has proven pivotal. The rejection from this band has confirmed resistance in the near term, and the subsequent decline in price action suggests that bearish momentum is once again asserting itself. The currency pair’s trajectory now appears to be slanting downward, with the immediate downside target forming near the 141.97 region. A decisive break below that support area could expose the pair to further declines, potentially toward the next cushion around 141.02. If broader market sentiment remains favorable toward risk assets and the dollar continues to weaken, a drop toward the 139.83 threshold cannot be ruled out.
Conversely, should the pair manage to regain its footing and post a convincing close above 144.26, the technical outlook could shift to a more constructive stance. In such a scenario, upside resistance would be expected near 144.96, and eventually around the 146.33 area.
TRADE RECOMMENDATION
SELL USDJPY
ENTRY PRICE: 143.30
STOP LOSS: 145.00
TAKE PROFIT: 139.83
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You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
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Warren Takunda, a seasoned finance leader specializing in the Middle East, is a trusted senior analyst with a proven track record. As head of the finance team, he excels in financial planning, analysis, and reporting. Warren's expertise in financial modeling and investment analysis delivers valuable insights to clients.
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