🔔🔔🔔USD/JPY news:
➡️ Last week, the Bank of Japan adopted a cautious tone by lowering its growth and inflation forecasts, leading investors to scale back their expectations for another rate hike in June or July. However, the central bank reaffirmed its commitment to further interest rate increases if economic and price trends align with its projections.
➡️ Meanwhile, the unpredictable trade policies of U.S. President Donald Trump has overshadowed optimism stemming from eased U.S.-China trade worries, unsettling investors. In fact, Trump announced a 100% tariff on all foreign-produced films on Sunday. Additionally, geopolitical risks have bolstered demand for the safe-haven Japanese yen.
Personal opinion:
➡️ USD/JPY will remain within the trend line and will wait for the upcoming FOMC.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 142.40 - 142.30
❌SL: 142.85 | ✅TP: 143.00
FM wishes you a successful trading day 💰💰💰
➡️ Last week, the Bank of Japan adopted a cautious tone by lowering its growth and inflation forecasts, leading investors to scale back their expectations for another rate hike in June or July. However, the central bank reaffirmed its commitment to further interest rate increases if economic and price trends align with its projections.
➡️ Meanwhile, the unpredictable trade policies of U.S. President Donald Trump has overshadowed optimism stemming from eased U.S.-China trade worries, unsettling investors. In fact, Trump announced a 100% tariff on all foreign-produced films on Sunday. Additionally, geopolitical risks have bolstered demand for the safe-haven Japanese yen.
Personal opinion:
➡️ USD/JPY will remain within the trend line and will wait for the upcoming FOMC.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 142.40 - 142.30
❌SL: 142.85 | ✅TP: 143.00
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.