USD/JPY Forecast: Bullish Trend Strengthens – 24 October 2025
The U.S. dollar continued its bullish push against the yen on Thursday, testing the crucial ¥153 level amid rising yields and diverging monetary policies.

        
            The U.S. dollar continued its bullish push against the yen on Thursday, testing the crucial ¥153 level amid rising yields and diverging monetary policies.
        
            Gold rallied on Thursday, testing the $4,200 level as support after heavy losses, but remains vulnerable to a drop toward $4,000 if bullish momentum fades.
        
            The euro remained flat on Thursday, consolidating below key technical levels, with a break under 1.1550 potentially opening the door to deeper losses toward 1.14.
        
            The delayed US September CPI is set to be released at 14:30 CET. We forecast headline CPI at 3.1% y/y from 2.9% and core CPI inflation at 3.1% y/y from 3.1%. We see risks skewed towards a higher reading but think the bar for the Fed skipping its planned rate cut on 29 October is…
        
            Gold has entered a phase of consolidation near $4,100 on Friday, following the volatility seen earlier in the week. Traders now eagerly await the US-China trade talks and US Consumer Price Index (CPI) data for a clear directional impetus.
        
            The NASDAQ 100 climbed above the key 25,000 level on Thursday, maintaining its bullish trajectory with short-term pullbacks seen as fresh buying opportunities.