Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
USD/JPY surges on Fed hold and US-UK trade optimism
By: bitcoin ethereum news|2025/05/09 07:45:02
0
Share
USD/JPY gains on Fed decision and upbeat US-UK trade news. US jobless claims fall to 228K, supporting broad USD strength. Technical indicators show support at 144.78 and resistance at 146.18. The USD/JPY pair surged higher as the US Dollar (USD) strengthened following the Federal Reserve’s decision to leave interest rates unchanged, coupled with renewed optimism over US-UK trade ties. US President Donald Trump highlighted what he described as a “major breakthrough” in trade relations with the United Kingdom, boosting market sentiment. However, caution remains as details about the agreement indicate that a 10% tariff on UK goods will remain, potentially tempering initial enthusiasm. The US Dollar Index (DXY) pushed past the critical 100.00 mark, supported by robust economic data and the Federal Reserve’s steady policy stance. Weekly jobless claims fell to 228K for the week ending May 3, down from 241K in the prior week, signaling continued strength in the US labor market. The Bank of Japan (BOJ) minutes from its March meeting showed a cautious outlook, with policymakers concerned about the impact of US tariffs on Japan’s export-dependent economy. This divergence in central bank policies has favored the USD over the JPY. Technical Analysis Technically, USD/JPY is trading in a bullish pattern, currently hovering near 146.00 after reaching a daily high of 146.18. The RSI stands at 54.16, reflecting a neutral bias, while the MACD shows a clear buy signal. Short-term moving averages, including the 10-day EMA (143.90) and 10-day SMA (143.69), are aligned in a bullish configuration. However, longer-term resistance levels remain at the 100-day SMA (150.55) and 200-day SMA (149.58), potentially capping further gains. Key support levels are identified at 144.78, 144.63, and 144.56, while resistance is seen at 146.18, 146.42, and 148.35. In summary, USD/JPY remains poised for further upside as long as it holds above key support levels, with traders closely monitoring incoming US economic data and geopolitical headlines for potential volatility in the coming sessions. Daily Chart Source: https://www.fxstreet.com/news/usd-jpy-surges-on-fed-hold-and-us-uk-trade-optimism-202505082130
You may also like
How to capture the next Alpha in the narrative of predictive markets?
The prediction market is by no means a new casino in the cryptocurrency world, but rather a pricing engine for "event assets" that fills a 400-year gap in financial history: an article that reveals how it will reshape the logic of wealth in the next decade.
"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder
Internal related-party transactions and financial black holes have triggered a crisis of trust, and the valuation logic has completely collapsed in the secondary market.
The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here
Arc is an internal project of Circle. Although it has not publicly raised funds, Circle Ventures launched the Arc Builders Fund (amount undisclosed) to attract investments from over 30 top VC networks in ecological projects.
Oil prices are approaching a critical point. What will happen in mid-April?
Time becomes the deciding factor, and the oil market will take three paths.
The oil price is approaching a critical point, what will happen in mid-April?
Time Becomes a Determining Factor as the Oil Market Takes Three Paths
Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13
MIAU provides a new value paradigm for the industry with its threefold advantages of "FunPlusWeb3 trendy IP ecosystem + mechanism consensus + relative deflation."
Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine
Cryptocurrency has not failed; it has simply targeted the wrong users over the past decade.
Who else cannot be distilled into skill?
Token Hundred Thousand Slaughter Yama
Who else cannot be distilled into skill?
Token Yama of Decimation
The huge shock in the South Korean cryptocurrency market: How should traders view it?
As the contradiction between the institutional capital inflow brought by the new government's "pro-crypto" policy and the tightening of retail infrastructure intensifies, this structural "information asymmetry" in the Korean market will persist for a long time, continuously giving rise to fleeting e...
From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market
Market structure or information gap? — Why does the South Korean crypto market often make global traders "lag behind."
How to Automate Your Workflow with AI (No Code Required)
Let Perplexity Do the Work for You
Conversation with Pantera Founder: Bitcoin Has Reached Escape Velocity, Traditional Assets Are Being Left Behind
BTC still needs 6-8 months to reach its bottom.
Is it still worth buying Circle on the callback?
Can Circle transform from a "stablecoin company that earns interest" into a global digital dollar infrastructure?
BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant
This marks a milestone for BIT in optimizing the large-scale fiat onramp channel and enhancing the asset allocation experience for high-net-worth individuals and institutional clients.
Further Oracle Integration Reveals Polymarket's Ambitions
The expansion of the data source is essentially an expansion of the market radius.
CoinGlass: 2026 Q1 Cryptocurrency Market Share Research Report
In the first quarter of 2026, the overall cryptocurrency market remained highly active, but trading volume gradually declined from the January peak.
Tiger Research: Analysis of the Current Situation of Retail Investors in Nine Major Asian Markets
We analyzed the entry barriers of the largest markets for nine potential user groups in Asia, as well as the responses of exchanges.
How to capture the next Alpha in the narrative of predictive markets?
The prediction market is by no means a new casino in the cryptocurrency world, but rather a pricing engine for "event assets" that fills a 400-year gap in financial history: an article that reveals how it will reshape the logic of wealth in the next decade.
"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder
Internal related-party transactions and financial black holes have triggered a crisis of trust, and the valuation logic has completely collapsed in the secondary market.
The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here
Arc is an internal project of Circle. Although it has not publicly raised funds, Circle Ventures launched the Arc Builders Fund (amount undisclosed) to attract investments from over 30 top VC networks in ecological projects.
Oil prices are approaching a critical point. What will happen in mid-April?
Time becomes the deciding factor, and the oil market will take three paths.
The oil price is approaching a critical point, what will happen in mid-April?
Time Becomes a Determining Factor as the Oil Market Takes Three Paths
Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13
MIAU provides a new value paradigm for the industry with its threefold advantages of "FunPlusWeb3 trendy IP ecosystem + mechanism consensus + relative deflation."
App