U.S. Dollar / Japanese Yen
Long
Updated

USDJPY - 26 Feb , retest trendline signal BUY

96
USDJPY trend forecast February 26, 2025

The USD/JPY pair recovers from its recent declines in the previous session, hovering around 149.40 during European trading hours on Wednesday. However, the pair’s upside potential may be restrained as the Japanese Yen (JPY) could gain support from increasing expectations of further interest rate hikes by the Bank of Japan (BoJ).

The BoJ is anticipated to raise interest rates from 0.50% to 0.75% this year. According to Bloomberg, overnight index swaps have fully priced in a rate hike by September, with a 50% probability of an earlier move as soon as June.

Signs of short term USDJPY recovery, H1 trend break, support will help price recover

/// BUY USDJPY: zone 149.300 - 149.100

SL: 148.800

TP: 40 - 60 - 100pips ( 150.100 )


Safe and profitable trading
Trade active
+ 45 pips, signal BUY USDJPY ( 149,300 - 149,100 ) . Nice

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.