CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

USDJPY price is increasing 0.7%

Fast Moving Market - 08/05/2025

08 May, 2025

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: The USDJPY is increasing 0.7% ahead of Trump’s speech today at 15:00 GMT+1

Possible Scenarios:

If USDJPY fails to breach through Reference Price of 144.76, our Research Department expects the USDJPY to undergo a short- term downward correction.

If USDJPY manages to break above its Reference Price of 144.76, our Research Department expects the USDJPY to extend its gains to its R1 of 145.52.

Support and Resistance Levels:

USDJPY

S3

S2

S1

Reference Price

R1

R2

R3

142.86

143.43

144.00

144.76

145.52

146.09

146.66

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $68.99

(+/-) €61.15

(+/-) £51.98

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12824
***GBP/USD = 1.32739
Calculations for exchange rate used as of Thursday, May 8, 2025, 11:15 GMT+1

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