USDJPY trend forecast February 28, 2025
💬Japanese Yen Strengthens Amid Hawkish BoJ Remarks and Risk-Off Sentiment
The Japanese Yen (JPY) gained traction during the Asian session on Friday after Bank of Japan (BoJ) Deputy Governor Shinichi Uchida delivered hawkish comments, stating that the underlying inflation rate is steadily progressing toward the 2% target. Uchida’s remarks reinforced market expectations that the BoJ will continue its rate-hiking cycle this year, counterbalancing a softer-than-expected Tokyo Consumer Price Index (CPI) reading and providing support for the JPY. Additionally, the prevailing risk-off sentiment further bolstered demand for the Yen, reinforcing its appeal as a safe-haven asset.
💬 Sideway price zone, keep price at support zone 148,800. Accumulate for liquidity
🥇/// BUY USDJPY: zone 148.900 - 148.700
SL: 148.400
TP: 40 - 60 - 120pips ( 149.900 )
Safe and profitable trading
💬Japanese Yen Strengthens Amid Hawkish BoJ Remarks and Risk-Off Sentiment
The Japanese Yen (JPY) gained traction during the Asian session on Friday after Bank of Japan (BoJ) Deputy Governor Shinichi Uchida delivered hawkish comments, stating that the underlying inflation rate is steadily progressing toward the 2% target. Uchida’s remarks reinforced market expectations that the BoJ will continue its rate-hiking cycle this year, counterbalancing a softer-than-expected Tokyo Consumer Price Index (CPI) reading and providing support for the JPY. Additionally, the prevailing risk-off sentiment further bolstered demand for the Yen, reinforcing its appeal as a safe-haven asset.
💬 Sideway price zone, keep price at support zone 148,800. Accumulate for liquidity
🥇/// BUY USDJPY: zone 148.900 - 148.700
SL: 148.400
TP: 40 - 60 - 120pips ( 149.900 )
Safe and profitable trading
Trade active
USDJPY has recovered exactly as planned, increasing in price
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.