USDJPY: SELL 145.00, SL 146.00, TP 143.00 | 25 June 2025

Event to pay attention to today:

17:00 EET. GBP - CB Consumer Confidence

USDJPY:

The Japanese Yen (JPY) showed a sharp intraday reversal and recovered about 200 pips from its lowest level since May 13, reached on Monday against the retreating US Dollar (USD). This momentum continues into Tuesday's Asian session amid diverging policy expectations between the Bank of Japan (BoJ) and the Federal Reserve (Fed), with USD/JPY slipping below the mid-145.00s in the last hour. Investors seem convinced that the BoJ will raise interest rates again amid signs of rising inflation in Japan, while Fed chief Michelle Bowman points to the possibility of a rate cut as early as the July meeting.

Meanwhile, reports have emerged that Japan's economy minister and chief tariff negotiator Ryosei Akazawa is planning his seventh visit to the U.S. as early as June 26. This bolsters hopes for a trade deal between the US and Japan before July 9, when retaliatory tariffs are due to be imposed by the US, and lends support to the Japanese yen. In addition, investors remain on edge as there has been no immediate confirmation of a ceasefire agreement from Israel or Iran, which is seen as another factor supporting the safe-haven yen. This, along with some subsequent dollar selling, is contributing to the continued decline in the USD/JPY pair and supporting the prospect of additional losses.

Trade recommendation: SELL 145.00, SL 146.00, TP 143.00

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