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ALARMING: USD/JPY CRASHES! A Fifth Day of Decline Spells T-R-O-U-B-L-E!
The USD/JPY duo has hit a wall, plummeting to a shocking 145.25 for the fifth straight day! What’s fueling this unprecedented fall? Hold on to your hatsโit’s Moodyโs bombshell downgrade of the US credit rating!
Moodyโs SHOCKER: US Credit Rating SLASHED!
You heard it right! On Friday, Moodyโs pulled the trigger and cut the US credit rating from a pristine Aaa to a precarious Aa1, taking aim at a dismal fiscal outlook! With budget deficits spiraling out of control, investors are in a frenzy! Can you feel the panic?
But thatโs not all! Japanโs economy is also in the hot seat! The latest reports reveal a surprising contraction of 0.2% month-on-month and a staggering 0.7% year-on-year in Q1 2025! This downturn marks Japanโs first economic shock of the year, primarily caused by plummeting exports. Economists are sweating bullets!
And just when you thought things couldnโt get worse, Japan is now on high alert! An impending storm of new US tariffs could hit the trade figures hard. Prime Minister Shigeru Ishiba has firmly declared: NO WAY to an unconditional trade deal, especially when it comes to cars! The threat of a 25% tariff on Japanese auto imports is looming large!
Tech Take-Down: The Descend of USD/JPY!
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On the H4 chart, the USD/JPY pair is in free fall at 146.04! The fifth wave of decline is gathering speed, with an impending plunge to 143.50! Buckle upโmore downward momentum is expected today!
Once the 143.50 target crashes into view, look out for a potential bounce back to 146.04! This scenario is backed by the MACD indicatorโteetering just below zero and heading straight down! What a ride!
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Over on the H1 chart, the pair is consolidating precariously around 146.04 before breaking down further! Current speculation suggests a crash to 143.50 is imminent. We’ve already seen a dip to 144.80, followed by a tiny correction to 145.30. Are we heading for a drop to 144.15? Buckle up, traders!
SHOCKING Conclusion: Traders, Beware!
The US dollar is stumbling in agony, weighed down by Moodyโs gut-wrenching downgrade, while Japanโs economic nightmare adds more fuel to the fire! Keep your eyes peeledโtrade developments and technical levels are changing by the second!
Disclaimer: This analysis is a wild ride based on the author’s predictions! Trading is risky, and results may vary wildly!