Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
21 Apr 2025

USD/JPY slips toward 140.50 as Fed pressure builds

  • USD/JPY dives to the 140.50 region amid renewed political threats to Fed independence
  • Trump’s remarks intensify fears of institutional instability, weighing further on the US Dollar
  • Momentum signals remain bearish, with next key support eyed near 139.60

The USD/JPY pair slumped on Monday during North American trading, falling sharply toward the 140.50 mark as the broader market reacted to escalating concerns surrounding the Federal Reserve’s independence. The Greenback extended its downtrend after US President Donald Trump reiterated his displeasure with Fed Chair Jerome Powell, accusing him of politically motivated rate adjustments in late 2024. The situation has sparked intense speculation over Powell’s future and raised doubts about the Fed's autonomy.

Meanwhile, the US Dollar Index (DXY) trades deep in the red, testing the 98.50 zone for the first time in three years. Amid this backdrop, demand for the Japanese Yen has strengthened. Investors are seeking safer assets as global uncertainty grows and confidence in US monetary leadership deteriorates. Despite Trump’s 90-day pause on new reciprocal tariffs, the absence of a clear trade policy path continues to unsettle markets.

On the technical front, USD/JPY is flashing a bearish signal. Price action collapsed through the prior week’s low at 141.64 and now targets the June 2023 trough near 139.60. The 140.00 level remains a pivotal psychological support zone. A clean break below this threshold could expose downside risk toward the mid-130s in the medium term. Indicators support this outlook, with MACD printing bearish divergence and the RSI slipping into oversold territory. Key resistance levels are seen near 142.20, followed by 143.40 and 144.60.

Daily chart


Apr 21, 2025

Forex Today: US Dollar sell-off continues as Trump attacks Powell once again

Here is what you need to know on Tuesday, April 22:
Read more Previous
Apr 22, 2025

South Korea Producer Price Index Growth (YoY) dipped from previous 1.5% to 1.3% in March

South Korea Producer Price Index Growth (YoY) dipped from previous 1.5% to 1.3% in March
Read more Next