USDJPY - 15 Jan - support + trendline BUY now
Updated
USDJPY trend forecast January 15, 2025
The Japanese Yen (JPY) extends its intraday gains against the US Dollar (USD) during the European session, driven by hawkish comments from Bank of Japan (BoJ) Governor Kazuo Ueda. Additionally, remarks from Japan’s Finance Minister Katsunobu Kato have reignited concerns about potential government intervention, further bolstering the JPY. Combined with a lackluster performance by the USD, this has pushed the USD/JPY pair down to the 157.20 region, marking a new daily low.
Meanwhile, some market participants speculate that the BoJ might wait until spring wage negotiations to take decisive action. Furthermore, the widening US-Japan yield gap, supported by the Federal Reserve's (Fed) hawkish stance, could deter traders from making aggressive bullish moves on the lower-yielding JPY. Additionally, the prevailing risk-on sentiment might limit the JPY's safe-haven appeal, providing underlying support to the USD/JPY pair as investors turn their attention to upcoming US inflation data for fresh direction.
USDJPY continues to move in trend - touching trend and H1 support zone, waiting for recovery today
/// BUY USDJPY : zone 157.000 - 156.800
SL: 156.400
TP: 40 - 70 - 200pips ( 158.800 )
Safe and profitable trading
The Japanese Yen (JPY) extends its intraday gains against the US Dollar (USD) during the European session, driven by hawkish comments from Bank of Japan (BoJ) Governor Kazuo Ueda. Additionally, remarks from Japan’s Finance Minister Katsunobu Kato have reignited concerns about potential government intervention, further bolstering the JPY. Combined with a lackluster performance by the USD, this has pushed the USD/JPY pair down to the 157.20 region, marking a new daily low.
Meanwhile, some market participants speculate that the BoJ might wait until spring wage negotiations to take decisive action. Furthermore, the widening US-Japan yield gap, supported by the Federal Reserve's (Fed) hawkish stance, could deter traders from making aggressive bullish moves on the lower-yielding JPY. Additionally, the prevailing risk-on sentiment might limit the JPY's safe-haven appeal, providing underlying support to the USD/JPY pair as investors turn their attention to upcoming US inflation data for fresh direction.
USDJPY continues to move in trend - touching trend and H1 support zone, waiting for recovery today
/// BUY USDJPY : zone 157.000 - 156.800
SL: 156.400
TP: 40 - 70 - 200pips ( 158.800 )
Safe and profitable trading
Note
+ 20 PIPS , signal BUY USDJPY zone from entry 156.800Trade active
+ 30 pips , great signal BUY USDJPY ( 157.000-156.800 )
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