USD/JPY showed steady resistance above 158.00, but struggled to break through the psychological barrier of 159.00 in today's Asian trading session.
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✅ Economic Reality: Japan and the Effects of the Hormuz Blockade
Despite peace talks, the economic threats to Japan are very real:
- ⚡Energy Dependence: Japan relies on the Strait of Hormuz for approximately 93% of its oil imports and the majority of its liquefied natural gas (LNG) supplies. The blockade, which has been in place since early March, has caused shipping and insurance costs to surge more than sixfold from the five-year average.
- ⚡Stagflation Risk: This instability is weighing on the Japanese economy, which is already struggling with high inflation and currency weakness. This is preventing investors from aggressively buying the yen, even though the US dollar (USD) is cooling.
✅ Monetary: Fed Interest Rate Expectations Ease
US economic data is providing mixed sentiment:
- ⚡The Fed "Hold": The latest PPI data, which missed estimates, eased concerns about further aggressive interest rate hikes. The market now expects the Fed to keep interest rates steady throughout 2026, triggering a moderate weakening of the US dollar.
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✅ USD/JPY Technical Analysis (4-Hour)
Technically, USD/JPY is in a critical consolidation phase with a slightly bullish bias:
- ⚡Pivot Point (~158.76): The long-term moving average on the 4-hour chart acts as a dynamic cushion. As long as the price remains above this level, the prospect of a recovery towards 160.00 remains open.
- ⚡Horizontal Support (158.25 - 158.30): A key resistance level that must be maintained to avoid a deeper correction towards the 157.00 area.
---------------------------------------------------------------------------------------
✅ Economic Reality: Japan and the Effects of the Hormuz Blockade
Despite peace talks, the economic threats to Japan are very real:
- ⚡Energy Dependence: Japan relies on the Strait of Hormuz for approximately 93% of its oil imports and the majority of its liquefied natural gas (LNG) supplies. The blockade, which has been in place since early March, has caused shipping and insurance costs to surge more than sixfold from the five-year average.
- ⚡Stagflation Risk: This instability is weighing on the Japanese economy, which is already struggling with high inflation and currency weakness. This is preventing investors from aggressively buying the yen, even though the US dollar (USD) is cooling.
✅ Monetary: Fed Interest Rate Expectations Ease
US economic data is providing mixed sentiment:
- ⚡The Fed "Hold": The latest PPI data, which missed estimates, eased concerns about further aggressive interest rate hikes. The market now expects the Fed to keep interest rates steady throughout 2026, triggering a moderate weakening of the US dollar.
---------------------------------------------------------------------------------------
✅ USD/JPY Technical Analysis (4-Hour)
Technically, USD/JPY is in a critical consolidation phase with a slightly bullish bias:
- ⚡Pivot Point (~158.76): The long-term moving average on the 4-hour chart acts as a dynamic cushion. As long as the price remains above this level, the prospect of a recovery towards 160.00 remains open.
- ⚡Horizontal Support (158.25 - 158.30): A key resistance level that must be maintained to avoid a deeper correction towards the 157.00 area.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.