🔔🔔🔔USD/ JPY news:
➡️ The Japanese Yen (JPY) maintains its upward bias against a weaker U.S. Dollar (USD) during Asian trading on Tuesday, despite a lack of strong follow-through buying. While escalating concerns over the negative impact of intensification U.S. tariffs on Japan's economy persist, investors appear confident that the Bank of Japan (BoJ) will continue raising interest rates in 2025, amid signs of rising domestic inflation. Moreover, fears of global economic disruption stemming from U.S. President Donald Trump's tit-for-tat tariff policies have added to the safe-haven appeal of the JPY.
➡️ Still, a modest sentiment rebound in global risk has curbed aggressive bullish bets on the Yen. On the flip side, the USD came under renewed selling pressure, halting its two-day recovery from multi-month lows seen last week, as markets increasingly price in the possibility that the U.S. Economic downturn caused by tariffs could push the Federal Reserve to resume its rate-cutting cycle faster than expected. This stark contrast to the BoJ’s hawkish outlook suggests that the path of least resistance for the lower-yielding JPY remains to the upside.
Personal opinion:
➡️ DXY’s RSI is showing signs of falling after entering the overbought zone, causing USD/JPY to decline in the short term
➡️ The initial uptrend is still maintained, so watch for technical recovery zones to be able to buy at good prices.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 146.20- 146.00
❌SL: 145.60 | ✅TP: 146.70 – 147.20 – 148.00
FM wishes you a successful trading day 💰💰💰
➡️ The Japanese Yen (JPY) maintains its upward bias against a weaker U.S. Dollar (USD) during Asian trading on Tuesday, despite a lack of strong follow-through buying. While escalating concerns over the negative impact of intensification U.S. tariffs on Japan's economy persist, investors appear confident that the Bank of Japan (BoJ) will continue raising interest rates in 2025, amid signs of rising domestic inflation. Moreover, fears of global economic disruption stemming from U.S. President Donald Trump's tit-for-tat tariff policies have added to the safe-haven appeal of the JPY.
➡️ Still, a modest sentiment rebound in global risk has curbed aggressive bullish bets on the Yen. On the flip side, the USD came under renewed selling pressure, halting its two-day recovery from multi-month lows seen last week, as markets increasingly price in the possibility that the U.S. Economic downturn caused by tariffs could push the Federal Reserve to resume its rate-cutting cycle faster than expected. This stark contrast to the BoJ’s hawkish outlook suggests that the path of least resistance for the lower-yielding JPY remains to the upside.
Personal opinion:
➡️ DXY’s RSI is showing signs of falling after entering the overbought zone, causing USD/JPY to decline in the short term
➡️ The initial uptrend is still maintained, so watch for technical recovery zones to be able to buy at good prices.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 146.20- 146.00
❌SL: 145.60 | ✅TP: 146.70 – 147.20 – 148.00
FM wishes you a successful trading day 💰💰💰
Trade active
HIt + 47 pips from Buy 146.00Congratulation
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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
Related publications
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.