Could JPY be the secret weapon against tariff chaos?

• Investors may turn to Japanese Yen amid uncertainties over “Liberation Day”
   
• USDJPY consolidating in a symmetrical triangle since August 2024
   
• Resistance: 150.000, 150.943, 151.539; Support: 149.060, 148.775, 147.690

Did you know that the Yen is the best performing G10 currency against the US dollar in 2025?

With markets bracing for the impact of potential Trump tariffs, investors may be turning to the Yen as a safe-haven asset to hedge against uncertainties surrounding these policies.

Market sentiment remains tense as the details of the new tariffs are still unclear. USDJPY has been consolidating within a symmetrical triangle pattern since August 10, 2024, with four distinct touches on the trendlines.
 

According to Thomas Bulkowski’s Encyclopedia of Chart Patterns, “there should be at least five distinct touches of the two trendlines... three on one trendline and two on the other.”

A fifth touch may be expected at the upper trendline, approximately 780 pips away (at the time of writing). This presents a crucial area for USDJPY bulls, who may be looking for a breakout opportunity.
 

Traders anticipating a rally in USDJPY may pay attention to the following resistance levels:

• 150.000 – Psychologically significant round number
   
• 150.943 – 50-day simple moving average (SMA)
   
• 151.539 – Historically important price zone

With the tariff announcement scheduled for 4 AM Eastern Time, uncertainty remains high.

If the Yen’s safe-haven status holds true, a stronger Yen could be on the horizon as investors seek refuge in the currency.

Those expecting a stronger Yen and a decline in USDJPY may monitor these potential support levels:

• 149.060 – 21-day SMA
   
• 148.775 – Key price zone
   
• 147.690 – Lower boundary of the symmetrical triangle, acting as trendline support