This Week's Market Strategy - September 17, 2025 (Wed)
USD/JPY fell to the 146 yen level ahead of the FOMC at 27:00 on the 17th (3:00 AM on the 18th), with strong consensus expectations for a rate cut. However, robust US August retail sales of 0.6 exceeded expectations of 0.2, pushing the pair up to the 147 yen range, before declining.
The recent support line has also been broken.
Today, following the conclusion of the US Federal Open Market Committee (FOMC), there will be a policy rate announcement with a rate cut outlook (Expected: 4.00-4.25%).
The USD/JPY support line runs around 145.70 on the daily trend line. If this line is significantly broken, it appears the pair will enter into a full-fledged downtrend.
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