17 October 2025,06:08
Daily Market Analysis New
17 October 2025, 06:08
*Regional Bank Selloff: Shares in Western Alliance (-10.8%) and Zions Bank (-13.1%) tumbled Yen Rebounds: The Japanese yen strengthened as risk-off sentiment deepened amid the ongoing U.S. government shutdown and renewed U.S.–China trade tensions.
*Policy Watch: Japan’s Finance Minister reiterated potential currency intervention if yen weakness persists, while speculation grows that the new Japanese government could pursue a more expansionary fiscal and monetary stance.
*Gold Near Records: Spot gold surged toward fresh record highs above $4,300, as investors sought safe-haven exposure amid escalating global uncertainty.
Market Summary:
The Japanese yen gained momentum as global risk sentiment soured, with markets rattled by U.S.–China trade tensions, the ongoing U.S. government shutdown, and persistent doubts over global growth. The surge in gold prices to fresh records has prompted some investors to diversify their safe-haven holdings, with the yen emerging as a key alternative amid fears that bullion’s rally may be overextended.
Meanwhile, the U.S. dollar’s recent retreat — weighed down by delayed U.S. economic data and policy uncertainty — added to USD/JPY’s downside pressure. Japanese Finance Minister Katsunobu Kato reaffirmed that authorities are ready to act against excessive currency moves, reinforcing speculation of potential BoJ intervention if yen weakness resumes.
However, the broader outlook for the yen remains mixed. Political shifts in Tokyo have reignited speculation that Japan’s new leadership could embrace a more stimulative fiscal and monetary framework, potentially increasing liquidity and weakening the currency over the longer term. Traders remain cautious ahead of key developments, including BoJ commentary and the U.S.–China trade agenda.
Technical Analysis
USD/JPY trades lower, testing key support at 150.00, with MACD showing diminishing bullish momentum and a potential bearish crossover. RSI has retreated sharply from overbought territory, signaling possible short-term correction.
A clear break below 150.00 would expose further downside toward 146.35, while failure to breach could prompt a rebound toward 154.65. The 150.00 psychological level and MA line (yellow) remain crucial near-term pivots.
Resistance Levels: 154.65, 158.60
Support Levels: 150.00, 146.35
Gold continues to hover near record territory, testing the Fibonacci expansion level (1.272) at 4,390.00. MACD signals strong bullish momentum, though a Doji candlestick on the daily chart suggests potential hesitation.
A decisive break above 4,390.00 could pave the way for a rally toward 4,710.00, while sustained profit-taking could trigger a pullback to 4,140.00.
Resistance Levels: 4,390.00, 4,710.00
Support Levels: 4,140.00, 3,940.00
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