USDJPY - sideway and steady in a downtrend 20 Jan

Updated
USDJPY trend forecast January 20, 2025

The USD/JPY pair climbed on Friday, advancing by 0.6% and ending a two-day losing streak as broad-market support for the Greenback lifted the Dollar-Yen pair from a recent test of the 50-day Exponential Moving Average (EMA).

The US Dollar gained momentum across the board on Friday, supported by declining US Treasury yields amidst renewed speculation of Federal Reserve (Fed) rate cuts in 2025. Throughout the week, segments of US inflation data showed slight moderation, fueling optimism that price pressures could ease enough to prompt the Fed to implement rate cuts earlier in the first half of the year than previously anticipated.

BANK holiday USD , market focuses on TRUMP inauguration , USDJPY sideway and still in large frame downtrend

/// SELL USDJPY : zone 156.200 - 156.400

SL: 156.700

TP: 40 - 70 - 150pips ( 154.900 )


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