USDJPY trend forecast March 17, 2025
💬The Japanese Yen (JPY) faces broad downward pressure, aligning with a modest rebound in equity markets, according to BBH FX analysts.
BOJ unlikely to tighten policy beyond expectations
"Japan’s largest labor union group, Rengo, secured an average pay increase of 5.46%, marking the highest level since 1991 and surpassing last year’s initial figure of 5.28%. However, the wage hike fell short of expectations, as union members had sought an average increase of 6.09% this year."
"As a result, the Bank of Japan (BOJ) is unlikely to implement tighter policy measures beyond what the market has already priced in, which presents a headwind for JPY. The swaps market continues to suggest less than 50 basis points of rate hikes over the next twelve months."
💬 USDJPY moves within 2 H1 trend lines, waiting for liquidity zone and trendline for bullish signal
🥇/// BUY USDJPY: zone 148.200 - 148.000
SL: 147.700
TP: 40 - 60 - 100pips ( 149.000 )
Safe and profitable trading