0039 GMT - USD/JPY's bearish trend that started last summer may have now resumed, based on the weekly chart, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. The currency pair formed an "inverted hammer candle" last week when it tested and retreated from the bottom end of a key resistance area between 148.65 and 150.00, the analyst says. The fact that resistance held here suggests this bearish trend has resumed, Razaqzada says. If downward pressure on USD/JPY continues, possible short-term bounces may occur around levels like 144.00 and 143.00, the analyst adds. USD/JPY is 0.2% lower at 144.18. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 20:39 ET (00:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.