Dear Traders!
Recently, USDJPY has made a strong breakout, completely exiting the uptrend and stabilizing below a new support level, as highlighted on the 1-hour chart. The pair is currently trading around 149.20.
This stability above the new support is driven by U.S. President Donald Trump's tariff policies, which have boosted risk-off sentiment and increased demand for the U.S. Dollar as a safe-haven asset. However, expectations of a BoJ rate hike and concerns over a global trade war continue to support the Japanese Yen, keeping gains limited below the lower boundary of the previous uptrend channel.
Recently, USDJPY has made a strong breakout, completely exiting the uptrend and stabilizing below a new support level, as highlighted on the 1-hour chart. The pair is currently trading around 149.20.
This stability above the new support is driven by U.S. President Donald Trump's tariff policies, which have boosted risk-off sentiment and increased demand for the U.S. Dollar as a safe-haven asset. However, expectations of a BoJ rate hike and concerns over a global trade war continue to support the Japanese Yen, keeping gains limited below the lower boundary of the previous uptrend channel.
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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.