FX.co ★ Alpha302 | USD/JPY

USD/JPY Technical analysis M-30 Chart

This week, important economic data is expected to be released, which must be monitored, and decisions on transactions with currency pairs made accordingly. Regarding the Fed meeting, rates will certainly remain at the same level. But traders are more interested in the press conference of the head of the Fed, Jerome Powell, because, I think, I am not the only one interested in seeing what he will do in light of the significantly increasing pressure on him from the Republican administration. Here is the show that Trump made with his visit to the Fed headquarters in Shankhon. I think that it really outraged Jerome Powell. If you have not seen these short videos, when Trump takes out a piece of paper and allegedly emphasizes the estimate, the off-the-scale estimate, when several billion dollars were spent on repairing the Fed, then watch it. Jerome Powell absolutely disagreed with this, and I think that this fact of indignation can force him to maintain his principled position—"I "will not lower the key interest rate." That is, to act contrary to what Donald Trump wants to hear most of all. Accordingly, if the Fed continues to adhere to this hawkish rhetoric, then the dollar has every chance to show a rather successful session on Wednesday and significantly go into the plus. Trade negotiations between the US and China are, of course, also a separate topic, because the postponement of the deadline for increased tariffs is something that must be agreed upon. Because now the rates are 55-10%, but if there is no agreement on new deadlines by August 1, then accordingly, from August 1, the previous rates of 125-145% should come into force. And this is something that can definitely greatly confuse the mood of traders and worsen the trade relations between the two leading economies of the world. Based on the general trend, my understanding, and the technical picture, I have formed the following view on the prospects for the movement of quotes of our ward, the USD/JPY currency pair (dollar/yen), for today—July 28, 2025. At the moment, the pair is clearly flat (the trend potential is about 10% of the total). It seems that a correction to the support level of 147.00 is possible during the day. Not an insider, just passing by.