roboforex Market Fundamental Analysis by RoboForex

[RBFX Support]

Crash or opportunity? IMF meeting and falling LEI weigh on USDJPY

The IMF meeting and weak US LEI data may spark a correction in USDJPY before a potential drop to the 140.00 level. Full forecast for 21 April 2025 below.

USDJPY forecast: key trading points

• IMF Spring Meetings begin today
• US Leading Economic Index (LEI): previous – -0.3%, forecast – -0.5%
• USDJPY forecast for 21 April 2025: 140.00 and 141.50

Fundamental analysis

As of 21 April 2025, markets are focused on the start of the IMF Spring Meetings. Amid persistent global headwinds — including high inflation, geopolitical risks, and sluggish growth in major economies — this event may deliver crucial policy statements regarding global financial stability, support for developing economies, and central banks’ future strategies.

In parallel, attention is on the US Leading Economic Index (LEI), a composite of 10 indicators designed to forecast turning points in the economic cycle. It includes metrics like jobless claims, new orders, and consumer expectations.

A further decline in LEI to -0.5%, as forecasted, would reinforce fears of a slowing US economy or even a looming recession — potentially undermining the dollar and bolstering safe-haven demand for the yen.

The fundamental backdrop for USDJPY remains fragile, with downside pressure likely to persist.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team