Sharp declines

An important occasions:

• USD/JPY decline faces a mirrored image danger earlier than the fundamental shopper value index knowledge in Tokyo and the fundamental private consumption expenditures index in the US.
• NVIDIA shares fell 3 % this week earlier than revenue stories.
• Trump’s definitions are approaching Canada and Mexico by the tip of the month.

USD/JPY forecasts

The Japanese yen might have reached a turning level in opposition to the greenback, because it re -testing the assist ranges near the bottom ranges of December 2024. The optimism of the markets in direction of the yen is predicated on robust financial development and inflation knowledge, the place the fundamental shopper value index knowledge in Tokyo is scheduled to be issued on Friday. , Which is able to decide whether or not these expectations will proceed or change.

After the issuance of Japanese inflation knowledge, the index of fundamental private consumption will probably be introduced in the US – the popular measure of the Federal Reserve to measure inflation – which is able to contribute to directing market expectations on the dangers of inflation and the US federal financial coverage.

Nasdak expectations

The Nasdaq index has declined this week about 21,300, down 300 factors because the opening of the Monday session. Along with fears associated to inflation in the US, US President Donald Trump confirmed throughout a press convention on Monday that customs definitions of Mexico and Canada “will go in line with the desired timetable”, which strengthened the uncertainty within the markets.

The outcomes of NVIDIA earnings on Wednesday would be the focus of consideration, as the corporate’s efficiency in gentle of the issues of customs tariffs and the intensification of competitors within the synthetic intelligence sector. NVIDIA has decreased by about 3 % this week, not solely as a result of rising industrial tensions and competitors, but additionally the results of the ability of the Japanese yen and the Carry Commerce -based commerce that impacts investor morale.

Technical evaluation:

USD/JPY expectations: 3 days timeframe – Logaretmate scale

Supply: TradingView

The USD/JPY pair is decisively shifting between 149 and 150 ranges, consistent with its lowest ranges in December 2024. The clear closure beneath the extent of 148 might prolong the decline in direction of the minimal duplicate channel between January 2023 and July 2024, with important assist ranges at 146.90- 147 and 143.60, which is consistent with Fibonacci correction charges 0.618 And 0.786 respectively.

As for the higher facet, the husband exceeds the extent of 151.60 might push him in direction of the next targets at 155, 157, and 159.

Nasdaq’s expectations: timeframe 3 days – Logaretami scale

Supply: TradingView

The latest decline of the Nasdaq index beneath the extent of twenty-two,000 revived the chance of forming the twin summit mannequin on the graph. The neck line of this model is on the vital stage 20,700, a stage by which Nasdak witnessed noticeable bounces between December 2024 and February 2025.

The clear closure beneath 20,700 might prolong the losses in direction of assist ranges at 20,300, 20,000, 19,700, and 19,150, respectively. Alternatively, Nasdak wants to shut above the extent of 21,700 to revive the bullish momentum, with further targets at 22,200. Stability above this stage can push the index in direction of its customary customary at 22,800 and 23,300.

Written by: Razan Hilal, CMT

Proceed on x: @rh_waves