🔔🔔🔔USD/JPY news:
➡️The USD/JPY pair reached a two-week high of around 149.93 during the Asian session on Tuesday as renewed geopolitical concerns in the Middle East boosted demand for the safe-haven US dollar. However, further gains appear uncertain due to diverging expectations between the Bank of Japan (BoJ) and the Federal Reserve, as well as rising trade tensions.
➡️On Wednesday, the BoJ is widely anticipated to maintain its current interest rates. Inflationary momentum in Japan remains strong, especially after major corporations agreed to meet their unions' substantial wage demands last week. The extent to which this trend extends to smaller businesses in the coming months will be crucial in determining the potential for future rate hikes.
Personal opinion:
➡️This could be a corrective rally to gain momentum for a further strong downtrend. The BOJ's policy is expected to raise the policy rate while the Fed is expected to keep the federal funds rate unchanged.
➡️The double bottom pattern is gradually forming and so the downtrend is still there
Analysis:
➡️Based on price action combined with resistance - support levels and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 149.50 – 149.65
❌SL: 150.00 | ✅TP: 149.00 – 148.60 – 148.10
FM wishes you a successful trading day 💰💰💰
➡️The USD/JPY pair reached a two-week high of around 149.93 during the Asian session on Tuesday as renewed geopolitical concerns in the Middle East boosted demand for the safe-haven US dollar. However, further gains appear uncertain due to diverging expectations between the Bank of Japan (BoJ) and the Federal Reserve, as well as rising trade tensions.
➡️On Wednesday, the BoJ is widely anticipated to maintain its current interest rates. Inflationary momentum in Japan remains strong, especially after major corporations agreed to meet their unions' substantial wage demands last week. The extent to which this trend extends to smaller businesses in the coming months will be crucial in determining the potential for future rate hikes.
Personal opinion:
➡️This could be a corrective rally to gain momentum for a further strong downtrend. The BOJ's policy is expected to raise the policy rate while the Fed is expected to keep the federal funds rate unchanged.
➡️The double bottom pattern is gradually forming and so the downtrend is still there
Analysis:
➡️Based on price action combined with resistance - support levels and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 149.50 – 149.65
❌SL: 150.00 | ✅TP: 149.00 – 148.60 – 148.10
FM wishes you a successful trading day 💰💰💰
Trade active
Hit + 55 pips from 149.65congratulation
Trade closed: target reached
BOJ's surprise policy rate remained unchanged, which is not good for JPY as the market expects higher rates. USD/JPY bounced and reached 150.00. Watch the US FOMC for the next market directionNote
Complete the original plan
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.