USDJPY Turns Yen-Bullish, Boosted by Upbeat BOJ Tankan Survey【JULY1, 2025】

Fundamental Analysis

  • Nikkei 225 remains above 40,000, but upside is capped
  • BOJ Tankan Survey beats market expectations, fueling yen buying
  • President Trump voices repeated dissatisfaction with Japan–U.S. trade

USDJPY Technical Analysis

USDJPY has declined for two consecutive days. The dollar continues to weaken, creating a favorable environment for yen buying.

Drawing a Fibonacci expansion shows the pair breaking below the upward trendline and falling into the high 143-yen range.
The 61.8% Fibonacci level is acting as support, but there is a possibility it may be broken.

The 100% projection level is around 142.50 yen. Watch closely for a clear break below the 61.8% level.

USDJPY/Daily

Day Trading Strategy (1-Hour Chart)

On the 1-hour chart, the pair plunged toward 143.50 yen and then rebounded back to the 61.8% retracement level. However, it appears the 61.8% level is now acting as resistance.
If confirmed, this could lead to new selling orders. That said, it’s not yet a decisive setup, so caution is advised.

Day trading plan:
Place a sell limit order around 144.00 yen, take profit at around 142.50 yen, and set a stop at 144.25 yen.

Set two pending orders and wait for the market movement.

USDJPY/1H

Support and Resistance Levels

Support and resistance levels to watch going forward:

  • 1144.00 – Trendline
  • 143.80 – Fibonacci level
  • 142.50 – Fibonacci level

Market Sentiment

USDJPY

  • 40% short / 60% long

Key Economic Events Today

Event/IndicatorTime(JPT)
Japan – BOJ Tankan Survey8:50
Eurozone – CPI (HICP)18:00
U.S. – Fed Chair Powell Speaks22:30
U.S. – Manufacturing PMI22:45
U.S. – ISM Manufacturing Index23:00