Risk-On Revival: PPI Eases, Yen Shocks & Key Chart Tests in Gold & USD/CHF

Author

FX Rocket Profits
July 22, 2025

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From Fed Whispers to Election Ripples and Critical Chart Tests

Markets kicked off last week with a “good news, risk on” rally after U.S. PPI cooled inflation fears, only to see the yen swing sharply on Japan’s Upper-House vote. Against that backdrop of macro shifts, gold is testing its descending triangle ceiling, while USD/CHF retests its support near 0.8000—two pivotal technical battles that will guide the next leg of price action. Blending policy whispers, political shocks, and pinpoint chart levels ensures you trade with both context and precision.

⚡ Daily Broad Market Recap – July 21, 2025

  • U.S. PPI growth slowed more than expected in June, sending Treasury yields lower and sparking a broad risk-on tilt in equities.

  • Eurozone PMIs dipped, the dollar eased across the board, and Bitcoin climbed back above $118K on renewed institutional interest.

🔥5 Things Traders Need to Know About Japan’s Upper-House Election Results

  • The ruling coalition lost its outright majority, fueling yen volatility amid fresh fiscal policy uncertainty.

  • Rising support for smaller parties could delay major reforms, keeping JPY-linked trades choppy in the near term.

📊 Gold (XAU/USD) Back at Triangle Resistance

  • Gold is retesting the descending triangle ceiling near $3,400–$3,420.

  • A clean breakout could signal a fresh leg higher, while a rejection may force a pullback toward the $3,300 floor.

📉 USD/CHF Potential Trend Retracement Near .8000

  • USD/CHF dipped into its ascending channel floor and the 61.8% Fib retracement around 0.8000.

  • Watch for a bounce toward 0.8060 if support holds, or deeper correction to 0.7950 on a breakdown.

This issue blends fresh market catalysts, political aftershocks, and high-probability chart setups. From U.S. PPI-driven risk moves to yen swings on Japan’s election, and from gold’s fight at triangle resistance to USD/CHF’s support test, you’re armed with both the narrative and the precise price levels needed to trade today’s inflection points with confidence.

Happy Trading!

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