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Estimated go-live time: 10:00 AM UTC, June 7, 2025
Welcome to our daily technical analysis of the financial markets, focusing today on USD/JPY and AUD/USD. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. USD/JPY Analysis:
News Summary:
In a rare move to criticize its past policies, the Bank of Japan said stimulus measures by former Governor Haruhiko Kuroda failed to change consumer psychology as planned, signaling a gradual shift away from a decade of aggressive policies. The assessment report warned that the negative impact of Kuroda's large-scale monetary stimulus, such as the central bank's huge quantitative easing, has exerted pressure on the bond market for longer than expected and will become greater in the future.
Trend Analysis:
We can see USD/JPY H4 level fell and rebounded and moved above the 48 hours moving average. In addition, the MACD double line and energy bar are expanding above the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [155.00]
Key Resistance Levels: [158.40]
Pivot Points [156.00]
2. AUD/USD Analysis:
News Summary:
Australia's wage growth, as measured by the wage price index, was 3.5 per cent in the year to the September quarter, down from the previous quarter, and labor productivity growth remained weak. Given recent data, monetary policy remains restrictive and is working as expected. Some upside risks to inflation appear to have eased, and while aggregate demand levels still appear to be higher than the economy's ability to supply, the gap continues to narrow.
Trend Analysis:
We can see AUD/USD bottomed out and is still running below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar expand below the zero axis. The sell limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [0.6160]
Key Resistance Levels: [0.6340]
Pivot Points [0.6300]
