U.S. Dollar / Japanese Yen
Long
Updated

USDJPY - 2 May, break the trend and recover

169
USDJPY trend forecast MAY 2 , 2025


💬The Japanese Yen (JPY) extended its downward trajectory during Friday’s Asian session, slipping to a fresh three-week low against the US Dollar, as investors continued to digest the Bank of Japan’s (BoJ) dovish policy stance unveiled the previous day. The central bank opted to maintain its current interest rate framework, while simultaneously lowering its projections for both economic growth and inflation for the fiscal year — a move reflecting deepening concerns over the global economic outlook and heightened uncertainty stemming from US trade tariffs.

This cautious outlook prompted markets to swiftly scale back expectations of any imminent rate hikes, further weakening the Yen’s appeal. Adding to the bearish pressure, growing optimism surrounding a potential de-escalation in the US-China trade conflict — fueled by recent diplomatic overtures and conciliatory rhetoric — has softened demand for traditional safe-haven assets, with the Yen among the hardest hit. As risk sentiment improves globally, the JPY continues to lose ground in favor of higher-yielding counterparts.

💬 DXY recovers, pushing USDJPY to recover in general. Break the trend and continue to go up.

🥇///BUY USDJPY: zone 145.250 - 145.050

SL: 144.750

TP: 40 - 60 - 150pips ( 146.550 )



Safe and profitable trading
Trade active
NF data is good for dollars, but the price of USDjpy is still under the pressure of selling weekend

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.