🔔🔔🔔USD/JPY news:
👉The latest US CPI report shows that headline inflation rose by 2.8%, slightly below the expected 2.9% and slower than January’s 3% increase. Core CPI, which excludes food and energy prices, eased to 3.1% from the previous 3.3%, while economists had anticipated a moderate slowdown to 3.2%. On a monthly basis, both headline and core inflation rose by 0.2%, falling short of the forecasted 0.3% increase.
👉With inflationary pressures cooling, traders are expected to increase their bets on the Federal Reserve cutting interest rates in May. Fed Chair Jerome Powell stated on Friday that the central bank's restrictive policy stance will not persist for long if the labor market weakens unexpectedly or inflation declines more than anticipated.
👉The US Dollar has remained weak in recent weeks, as investors believe that former President Donald Trump’s tariff policies could slow economic growth, with higher import duties potentially reducing household purchasing power.
👉Meanwhile, the Japanese Yen has been underperforming its counterparts despite major Japanese companies agreeing to significant wage increases for the third consecutive year, according to a Reuters report. This could strengthen inflation expectations and raise the likelihood of the Bank of Japan implementing another rate hike this year.
Personal opinion:
👉Based on economic information, it can be seen that USD/JPY will maintain its downward momentum in the coming time.
Technical analysis:
👉Shows signs of price breaking the trend line and touching the pivot point of the Pivot points
RSI (1H) shows signs of reversing down after entering the overbought zone
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 148.40 – 148.60
❌SL: 1.4340 | ✅TP: 148.00 – 147.60 – 147.00
FM wishes you a successful trading day 💰💰💰
👉The latest US CPI report shows that headline inflation rose by 2.8%, slightly below the expected 2.9% and slower than January’s 3% increase. Core CPI, which excludes food and energy prices, eased to 3.1% from the previous 3.3%, while economists had anticipated a moderate slowdown to 3.2%. On a monthly basis, both headline and core inflation rose by 0.2%, falling short of the forecasted 0.3% increase.
👉With inflationary pressures cooling, traders are expected to increase their bets on the Federal Reserve cutting interest rates in May. Fed Chair Jerome Powell stated on Friday that the central bank's restrictive policy stance will not persist for long if the labor market weakens unexpectedly or inflation declines more than anticipated.
👉The US Dollar has remained weak in recent weeks, as investors believe that former President Donald Trump’s tariff policies could slow economic growth, with higher import duties potentially reducing household purchasing power.
👉Meanwhile, the Japanese Yen has been underperforming its counterparts despite major Japanese companies agreeing to significant wage increases for the third consecutive year, according to a Reuters report. This could strengthen inflation expectations and raise the likelihood of the Bank of Japan implementing another rate hike this year.
Personal opinion:
👉Based on economic information, it can be seen that USD/JPY will maintain its downward momentum in the coming time.
Technical analysis:
👉Shows signs of price breaking the trend line and touching the pivot point of the Pivot points
RSI (1H) shows signs of reversing down after entering the overbought zone
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 148.40 – 148.60
❌SL: 1.4340 | ✅TP: 148.00 – 147.60 – 147.00
FM wishes you a successful trading day 💰💰💰
Trade active
Hit + 100 pips from 148.45Congratulations you have made a profit
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USD/JPY Pops and Holds at Pivot Points
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.