Weekly Market Strategy - Tuesday, April 22, 2025
It's exhausting to see the market react to every word from President Trump.
Yesterday, I thought there wouldn't be much movement with major countries observing Easter holidays, but
In the NY market, President Trump made comments about dismissing Federal Reserve Chair Powell and mentioned the foreign exchange market, and
USD/JPY has declined to the 140 yen level and barely held at support around 140.60, but the movement suggests the lows reached in September 2024 are coming into focus as a target.
On the hourly timeframe, we see a narrow range with hidden divergence potentially forming, so if trading continues in this range through London time, a breakout sell could be considered.
However, divergence tends to develop easily after a break, so we'll want to watch the momentum after the breakout closely.
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