USD / JPY trend forecast December 26, 2024
The Japanese Yen (JPY) trades within a narrow range against the US Dollar (USD) during the early European session on Tuesday, staying near the multi-month low it reached last week. Market participants remain doubtful about the Bank of Japan's (BoJ) willingness to implement further interest rate hikes. Additionally, the Federal Reserve's (Fed) hawkish stance diminishes expectations of a reduction in the US-Japan yield gap, further weighing on the low-yielding JPY.
H1 frame shows price break and continue to maintain uptrend. Market is slow at the end of the year.
/// BUY USDJPY : zone 157.350 - 157.250
SL: 157.050
TP: 50 - 70 - 100pips (158.350)
Safe and profitable trading
The Japanese Yen (JPY) trades within a narrow range against the US Dollar (USD) during the early European session on Tuesday, staying near the multi-month low it reached last week. Market participants remain doubtful about the Bank of Japan's (BoJ) willingness to implement further interest rate hikes. Additionally, the Federal Reserve's (Fed) hawkish stance diminishes expectations of a reduction in the US-Japan yield gap, further weighing on the low-yielding JPY.
H1 frame shows price break and continue to maintain uptrend. Market is slow at the end of the year.
/// BUY USDJPY : zone 157.350 - 157.250
SL: 157.050
TP: 50 - 70 - 100pips (158.350)
Safe and profitable trading
Trade active
Absolutely accurate 75 pips , signal BUY USDJPY ( 157.350-157.250 )
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+w1S87P9rNEwzNzM1 "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+w1S87P9rNEwzNzM1 "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.