empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
26.03.2025 09:52 AM
Looks Like It's Time to Focus on the Euro and Yen (EUR/USD May Fall, USD/JPY May Rise)
Open trading account Open demo account

Since mid-month, financial markets have been trying to recover while frantically analyzing all possible developments surrounding the trade war the U.S. launched against its largest trading partners.

Investor sentiment continues to be shaped by fears of a potential U.S. recession against the backdrop of global trade wars. No matter how hard it is for individual countries not directly involved in this web of economic and geopolitical contradictions to try to stay out of it, these events will inevitably affect everyone. The problem is that the U.S. plays such a significant role in the global financial and economic system that any recession would undoubtedly have far-reaching consequences.

In the tariff debate, Trump constantly contradicts himself, which has been fully reflected in market dynamics for the second month, creating chaos. His calls for American businesses to increase goods production and oil extraction run into the real issue of uncertainty about the national economy's future. In response to the looming chaos, companies will likely begin cutting capital expenditures, which would significantly reduce output in the real sector—something already signaled by the latest PMI data for the manufacturing sector, which has fallen below the 50-point threshold, indicating contraction.

With all these issues around, what can be profitable?

I would turn attention to the Forex market, where the U.S. dollar may gain support via the ICE Dollar Index and rise above the 105.00 mark. Currently, it stands at 104.33. A positive factor could be the implementation of high import tariffs against the EU. The euro may come under intense pressure. It has already priced in the EU's plan to fund its army with €800 billion and Germany's proposals to stimulate its economy by a similar amount. However, with no concrete action, the euro may be negatively impacted by the trade tariffs between the EU and the U.S. In this case, the EUR/USD pair may decline significantly.

There's also an interesting situation developing with the Japanese yen. Yields on 10-year Japanese government bonds have surged to 1.59%, the highest level in over 16 years. The reason is a statement by Bank of Japan Governor Kazuo Ueda that the central bank will continue to raise interest rates if previous economic forecasts are realized. Additionally, the governor noted that the Bank is gradually reducing its holdings of government bonds. Last week, the central bank kept rates unchanged, but its comments included a cautious stance on global economic risks—specifically, the potential fallout from increased U.S. tariffs. In this environment, the yen may continue strengthening against the dollar and other major currencies.

Assessing all of this, I believe the topic of the trade war will remain dominant in the markets for the foreseeable future and will directly impact investor sentiment.

This image is no longer relevant

This image is no longer relevant

Forecast of the Day:

EUR/USD

The pair is hovering above a strong support level at 1.0780. A break below could trigger a decline toward 1.0725 and then 1.0700. A potential entry point for short positions is around 1.0774.

USD/JPY

The pair is trading higher amid the surge in Japanese government bond yields and expectations of further Bank of Japan rate hikes. The pair may find support and rise toward 151.00, then 152.20. A potential entry point for long positions is around 150.67.

Pati Gani,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Forecast
Intraday Strategies for Beginner Traders on April 24 The euro and the pound continued declining against the U.S. dollar, under pressure from positive news and fundamental developments. Strong U.S. PMI data and new home sales figures brought renewed
Miroslaw Bawulski
07:13 2025-04-24 +02:00
1120
Technical analysis
Technical Analysis of Price Movement of Silver Commodity Instrument, Thursday April 24, 2025. On the 4-hour chart, the Silver commodity instrument is visible even though its condition is strengthening where this is confirmed by the movement of the Silver price which is moving
Arief Makmur
06:18 2025-04-24 +02:00
1090
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

What to Pay Attention to on April 24? A Breakdown of Fundamental Events for Beginners

Few macroeconomic events are scheduled for Thursday, but yesterday's developments showed that the market continues to ignore the majority of data releases. Only a handful of reports are lucky enough
Paolo Greco 06:05 2025-04-24 UTC+2

GBP/USD Overview – April 24: Didn't work out? So be it...

On Wednesday, the GBP/USD currency pair managed to avoid a substantial decline, although the day before, it seemed that a downtrend was finally beginning. However, the market quickly bounced back
Paolo Greco 03:16 2025-04-24 UTC+2

EUR/USD Overview – April 24: Is it really about Powell?

The EUR/USD currency pair refrained from continuing its decline on Wednesday. As the saying goes, "Everything in moderation." The dollar gained around 200 pips on Tuesday, which shouldn't scare anyone
Paolo Greco 03:16 2025-04-24 UTC+2

The Kiwi Has a Decent Chance to Continue Rising

Inflation in New Zealand in Q1 came in slightly above expectations, rising from 2.2% to 2.5% year-over-year. This was mainly due to the goods sector, while core inflation is slowing
Kuvat Raharjo 00:59 2025-04-24 UTC+2

The Pound Holds On, but a Reversal Is Near

Inflationary pressure in the UK is gradually easing but remains elevated. In March, the core index fell from 3.5% to 3.4% year-over-year, while the headline CPI dropped from 2.8%
Kuvat Raharjo 00:59 2025-04-24 UTC+2

The Euro Takes a Hit Below the Belt

There will be no winners in trade wars. The U.S. will suffer due to a loss of trust in the dollar and other American assets, while Europe will suffer from
Marek Petkovich 00:59 2025-04-24 UTC+2

GBP/JPY. Analysis and Forecast

The GBP/JPY pair is retreating from the psychological level of 190.00, or a two-week high reached earlier today. Following disappointing UK PMI data, selling pressure has intensified, pulling spot prices
Irina Yanina 18:16 2025-04-23 UTC+2

Market walks through minefield

If the market can rally this much on hints from Treasury Secretary Scott Bessent about de-escalation in the trade conflict with China, imagine how high the S&P 500 could jump
Marek Petkovich 12:35 2025-04-23 UTC+2

The Likelihood of a Euro Reversal to the South Is Increasing

As expected, the ECB cut all key interest rates by a quarter-point, bringing the deposit rate down to 2.25%. At this meeting, no new staff projections were released, and given
Kuvat Raharjo 12:01 2025-04-23 UTC+2

Markets Await a Massive Rally if the U.S. Starts Real Negotiations with China (There is a likelihood of continued growth in #NDX and Ethereum)

A new wave of euphoria has swept through the markets. Many believe it's not a coincidence: take everything away from a person and then provide them with even the smallest
Pati Gani 09:03 2025-04-23 UTC+2

Top analytics

Relevance up to 20:00 2025-04-24 UTC--4
EUR/USD Overview – April 24: Is it really about Powell?
03:16 2025-04-24
Fundamental analysis
Relevance up to 20:00 2025-04-24 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 24: Chaos in the Market Persists
03:16 2025-04-24
Trading plan
Relevance up to 23:00 2025-04-24 UTC--4
How to Trade the EUR/USD Pair on April 24? Simple Tips and Trade Analysis for Beginners
05:50 2025-04-24
Trading plan
Relevance up to 00:00 2025-04-25 UTC--4
What to Pay Attention to on April 24? A Breakdown of Fundamental Events for Beginners
06:05 2025-04-24
Fundamental analysis
Relevance up to 20:00 2025-04-24 UTC--4
GBP/USD Overview – April 24: Didn't work out? So be it...
03:16 2025-04-24
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.