USDJPY - trendline and resistance long term frame
Updated
USDJPY trend forecast January 7, 2025
The Japanese Yen (JPY) continues to underperform amid uncertainty over the timing of the Bank of Japan's (BoJ) next rate hike. Additionally, the widening US-Japan yield differential, driven by the Federal Reserve's (Fed) hawkish stance on slowing rate cuts in 2025, is pulling investors away from the lower-yielding Yen. A broadly positive market sentiment further reduces demand for the safe-haven currency.
These factors, along with renewed US Dollar (USD) buying, push the USD/JPY pair to a near six-month high above 158.00 during Tuesday’s Asian session. However, BoJ Governor Kazuo Ueda has hinted at a possible rate hike in upcoming policy meetings, while market speculations of Japanese authorities intervening to support the Yen, alongside geopolitical risks and concerns about President-elect Donald Trump's tariff policies, may lend some support to the JPY.
Moving within the H2 bullish trendline, but facing strong resistance from the daily frame. The context of the yen and USD is getting better, making it difficult for the USDJPY currency pair to increase strongly.
/// SELL USDJPY : zone 158.600 - 158.800
SL: 159.100
TP: 50 - 70 - 150pips ( 157.300)
Safe and profitable trading
The Japanese Yen (JPY) continues to underperform amid uncertainty over the timing of the Bank of Japan's (BoJ) next rate hike. Additionally, the widening US-Japan yield differential, driven by the Federal Reserve's (Fed) hawkish stance on slowing rate cuts in 2025, is pulling investors away from the lower-yielding Yen. A broadly positive market sentiment further reduces demand for the safe-haven currency.
These factors, along with renewed US Dollar (USD) buying, push the USD/JPY pair to a near six-month high above 158.00 during Tuesday’s Asian session. However, BoJ Governor Kazuo Ueda has hinted at a possible rate hike in upcoming policy meetings, while market speculations of Japanese authorities intervening to support the Yen, alongside geopolitical risks and concerns about President-elect Donald Trump's tariff policies, may lend some support to the JPY.
Moving within the H2 bullish trendline, but facing strong resistance from the daily frame. The context of the yen and USD is getting better, making it difficult for the USDJPY currency pair to increase strongly.
/// SELL USDJPY : zone 158.600 - 158.800
SL: 159.100
TP: 50 - 70 - 150pips ( 157.300)
Safe and profitable trading
Trade active
USDJPY has decreased as expected, due to concerns about the JAPANESE government's interventionTrade closed: target reached
Fears that the Japanese government will intervene will help the Yen increase in value. USDJPY decreased
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