USD/ JPY ! 27 Nov ! Support H2 , BUY now
Updated
USDJPY trend forecast November 27, 2024
The Japanese Yen (JPY) continues to attract strong buying interest on Wednesday, pushing the USD/JPY pair below the 152.00 level to hit a three-week low during the early European session. Safe-haven demand for the JPY is bolstered by geopolitical risks tied to the prolonged Russia-Ukraine conflict and concerns over US President-elect Donald Trump's proposed tariffs.
Additionally, expectations that Trump’s Treasury Secretary nominee, Scott Bessent, will prioritize reducing budget deficits are putting downward pressure on US Treasury bond yields. This keeps the US Dollar (USD) under pressure near its weekly low and provides further support to the lower-yielding JPY. However, uncertainty surrounding the Bank of Japan's (BoJ) rate-hike outlook may limit further gains for the JPY, particularly ahead of key US macroeconomic data releases later on Wednesday.
The dollar is slowing down, but there is still great momentum when TRUMP officially takes office, USDJPY will soon rise again. Strong support zone 151.300
/// BUY USD/JPY : zone 151.350 - 151.050
SL: 150.750
TP: 40 - 100 - 300 pips (154.050)
Safe and profitable trading
The Japanese Yen (JPY) continues to attract strong buying interest on Wednesday, pushing the USD/JPY pair below the 152.00 level to hit a three-week low during the early European session. Safe-haven demand for the JPY is bolstered by geopolitical risks tied to the prolonged Russia-Ukraine conflict and concerns over US President-elect Donald Trump's proposed tariffs.
Additionally, expectations that Trump’s Treasury Secretary nominee, Scott Bessent, will prioritize reducing budget deficits are putting downward pressure on US Treasury bond yields. This keeps the US Dollar (USD) under pressure near its weekly low and provides further support to the lower-yielding JPY. However, uncertainty surrounding the Bank of Japan's (BoJ) rate-hike outlook may limit further gains for the JPY, particularly ahead of key US macroeconomic data releases later on Wednesday.
The dollar is slowing down, but there is still great momentum when TRUMP officially takes office, USDJPY will soon rise again. Strong support zone 151.300
/// BUY USD/JPY : zone 151.350 - 151.050
SL: 150.750
TP: 40 - 100 - 300 pips (154.050)
Safe and profitable trading
Trade active
+ 30 pips , profit signal BUY USDJPY ( zone 151.350 - 151.050 ) Trade closed: target reached
+ 70 pips , profit signal BUY USDJPY ( zone 151.350 - 151.050 ) and then more than profit 
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