This Week's Market Strategy - May 22, 2025 (Thu)
USD/JPY continues to lack clear direction while maintaining a downtrend with heavy resistance at higher levels.
Without any particular catalyst, the world is pushing back against President Trump's forceful policies, and the situation remains uncertain.
USD/JPY has broken below the support line at 144.10 and has entered the 143 yen range.
Today, attention should be paid to European and US PMI data as well as US initial jobless claims.
Technically, USD/JPY is unlikely to shift to an uptrend unless it breaks above 144.43, so we expect selling on rallies to continue. However, with 7 consecutive down days already, if today closes as a down day, we will see 8 consecutive down days.
Since tomorrow is Friday, we may see position closing movements.
Therefore, we are considering whether we can execute trades aiming for a short-term bounce from support levels.
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