The USD/JPY pair is currently in a temporary uptrend within a broader consolidation, following a strong bearish move that started at the beginning of the year. The Y149.000 level will be a key zone for our trading decisions.
📌 Key Technical Outlook:
🔹 Price faced selling pressure around Y150.000, leading to a pullback.
🔹 As long as price holds above the ascending trendline & Y149.000, I’ll be looking for buying opportunities in the short term.
🔹 A breakdown and retest of Y149.000 and the trendline would confirm a resumption of the long-term bearish structure.
📌 Major Market Drivers:
🔹 Federal Reserve’s Policy Stance: Powell reiterated that rate cuts are not urgent, keeping the USD supported.
🔹 Trump’s Trade Tariffs: Expected to drive US inflation higher, adding strength to the Dollar.
🔹 Bank of Japan’s Hawkish Expectations: Japan’s largest trade union group (Rengo) secured a 5.4% pay rise, reinforcing expectations that the BoJ will tighten policy further this year.
🔹 Japan’s CPI Cooling Down: Lower inflation in Japan could weaken the Yen and offer USD/JPY support.
📅 Key Economic Events on Our Radar Next Week:
🗓 Tuesday: US S&P Global PMI – A key sentiment indicator for economic conditions.
🗓 Thursday: US GDP (Q4 Final) – A major market mover influencing the Fed’s policy direction.
🗓 Friday: Tokyo CPI & US Core PCE Index – The BoJ and Fed’s preferred inflation measures, critical for future rate decisions.
I’ll be watching how USD/JPY behaves around Y149.000 for confirmation of trend continuation or a bearish continuation. We’ll discuss this in-depth during Forex Morning Mastery tomorrow—stay tuned! 🔥📈 #USDJPY #Forex #MarketAnalysis
📌 Key Technical Outlook:
🔹 Price faced selling pressure around Y150.000, leading to a pullback.
🔹 As long as price holds above the ascending trendline & Y149.000, I’ll be looking for buying opportunities in the short term.
🔹 A breakdown and retest of Y149.000 and the trendline would confirm a resumption of the long-term bearish structure.
📌 Major Market Drivers:
🔹 Federal Reserve’s Policy Stance: Powell reiterated that rate cuts are not urgent, keeping the USD supported.
🔹 Trump’s Trade Tariffs: Expected to drive US inflation higher, adding strength to the Dollar.
🔹 Bank of Japan’s Hawkish Expectations: Japan’s largest trade union group (Rengo) secured a 5.4% pay rise, reinforcing expectations that the BoJ will tighten policy further this year.
🔹 Japan’s CPI Cooling Down: Lower inflation in Japan could weaken the Yen and offer USD/JPY support.
📅 Key Economic Events on Our Radar Next Week:
🗓 Tuesday: US S&P Global PMI – A key sentiment indicator for economic conditions.
🗓 Thursday: US GDP (Q4 Final) – A major market mover influencing the Fed’s policy direction.
🗓 Friday: Tokyo CPI & US Core PCE Index – The BoJ and Fed’s preferred inflation measures, critical for future rate decisions.
I’ll be watching how USD/JPY behaves around Y149.000 for confirmation of trend continuation or a bearish continuation. We’ll discuss this in-depth during Forex Morning Mastery tomorrow—stay tuned! 🔥📈 #USDJPY #Forex #MarketAnalysis
Trade active
#USDJPY🚨 USDJPY MARKET UPDATE 🚨
Though the week has started on a bullish note, I have identified a 🔷 rangebound structure 🔷 as buyers and sellers continue to negotiate within the 149.315 – 149.950 zone. 📉📈
📊 As illustrated in the chart below, we shall be waiting for trading opportunities at the breakout/retest of this structure. The ascending trendline remains a key supporting factor for the midterm uptrend continuation.
⚠️ Important Note: I am NOT selling unless we see a breakdown and retest for confirmation below the 149.315 support.
📅 Join me in our upcoming live stream as we analyze the current market dynamics and potential setups. See you there! 🔥📊
#Forex #USDJPY #MarketUpdate #TradingStrategy
Note
#USDJPY🚨 USD/JPY MARKET UPDATE 🚨
📈 Buyers continue to show strength as the Japanese Yen weakens against a mildly stronger US Dollar, resulting in our buy position at 149.950 playing out successfully.
🔥 Bullish Bias Remains Valid as price action stays above our ascending trendline. We now look forward to a breakout/retest of 150.950 for additional buy positions.
💡 Key Considerations:
⚠️ Divergent BoJ-Fed expectations could cap USD/JPY gains amid subdued USD price action.
⚠️ Any meaningful JPY depreciation seems elusive due to the growing acceptance that the Bank of Japan (BoJ) will continue raising interest rates.
📊 What’s Next?
We now anticipate today’s US Durable Goods Orders release and speeches from FOMC members, which should provide fresh impetus for USD and the pair's movement.
📅 Join me in our upcoming live stream as we break down the current market dynamic and identify new trade setups. See you there! 🔥📊
#Forex #USDJPY #MarketUpdate #TradingStrategy
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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.
Trade smart. Trade consciously
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.