USDJPY trading signals
Updated
Japanese Yen remains stronger as US Dollar remains tepid ahead of key economic data
The Japanese Yen edges higher due to rising odds of the BoJ adopting a hawkish stance amid upbeat GDP data. Japan's Gross Domestic Product increased by 0.8% in Q2, marking the strongest quarterly growth since Q1 of 2023. The US Dollar advanced due to improved Treasury yields despite a dovish sentiment surrounding the Fed.
BUY USDJPY now zone 147.300-147.100
↠ Stoploss 146.900
→Take Profit 1 147.600
→Take Profit 2 148.300
The Japanese Yen edges higher due to rising odds of the BoJ adopting a hawkish stance amid upbeat GDP data. Japan's Gross Domestic Product increased by 0.8% in Q2, marking the strongest quarterly growth since Q1 of 2023. The US Dollar advanced due to improved Treasury yields despite a dovish sentiment surrounding the Fed.
BUY USDJPY now zone 147.300-147.100
↠ Stoploss 146.900
→Take Profit 1 147.600
→Take Profit 2 148.300
Note
+ 150 pips Hit FULL TP, congratulation allTrade active
USD/JPY extends pullback below 149.00 despite upbeat mood
USD/JPY extends losses below 149.00 early Friday, reversing the overnight rise to a nearly two-week high. The divergent BoJ-Fed policy expectations continue to weigh on the pair, though the risk-on mood could undermine the safe-haven Japanese Yen and help limit the pair's downside.
Note
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