🔔🔔🔔 USD/JPY news:
➡️ The Japanese Yen (JPY) started the week on a strong note, climbing to its highest level since September against a weaker US Dollar (USD) during Asian trading hours. Optimism surrounding US-Japan trade talks and underlying risk-off sentiment in global financial markets continued to boost demand for the safe-haven JPY. Additionally, data released on Friday showed that Japan’s core inflation accelerated in March, increasing the likelihood of further interest rate hikes by the Bank of Japan (BoJ), which also lent support to the Yen.
Personal opinion:
➡️ The JPY is showing signs of outperforming the USD. Although there are signs of slowing down due to oversold activity, tariff and economic information still support the JPY
➡️ Analysis based on important resistance - support levels and Pivot points combined with trend lines and EMA to come up with a suitable strategy .
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 138.60 - 138.80
❌SL: 138.00 | ✅TP: 139.40 - 140.00
FM wishes you a successful trading day 💰💰💰
➡️ The Japanese Yen (JPY) started the week on a strong note, climbing to its highest level since September against a weaker US Dollar (USD) during Asian trading hours. Optimism surrounding US-Japan trade talks and underlying risk-off sentiment in global financial markets continued to boost demand for the safe-haven JPY. Additionally, data released on Friday showed that Japan’s core inflation accelerated in March, increasing the likelihood of further interest rate hikes by the Bank of Japan (BoJ), which also lent support to the Yen.
Personal opinion:
➡️ The JPY is showing signs of outperforming the USD. Although there are signs of slowing down due to oversold activity, tariff and economic information still support the JPY
➡️ Analysis based on important resistance - support levels and Pivot points combined with trend lines and EMA to come up with a suitable strategy .
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 138.60 - 138.80
❌SL: 138.00 | ✅TP: 139.40 - 140.00
FM wishes you a successful trading day 💰💰💰
Trade active
Market is sideways after USD/JPY entered the extreme overbought zone. And there are signs of reversal when USD has a recovery increasePlan update
Buy USD/JPY 140.80 - 141.00
SL: 140.40
TP: 141.50 - 142.00
Trade closed: target reached
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Channel: signals - knowledge and FOREX comments
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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.