🔔🔔🔔USD/JPY news:
👉The USD/JPY pair continues its downward trend for the second consecutive day, edging closer to the multi-month low reached last week following Trump's warning to Japan about the weak yen. Additionally, rising expectations of further interest rate hikes by the Bank of Japan (BoJ) and a broader risk-off sentiment are bolstering demand for the safe-haven JPY.
👉Market consensus is strengthening around the likelihood of the BoJ tightening its monetary policy further, supporting elevated Japanese government bond (JGB) yields and reinforcing the yen’s strength.
👉As Tuesday’s Asian session begins, USD/JPY remains steady after Monday’s 0.74% decline. Weak US economic data, along with the imposition of tariffs on Mexico, Canada, and China starting March 4, keep the US dollar under pressure against most G7 currencies. The pair is currently trading at 148.85.
Personal opinion:
👉Momentum is still tilted to the downside, as described by RSI (2H) about to enter the overbought zone. Be careful with this because there may be a reversal to the upside, before continuing the downtrend. So watch the price well to enter a Sell order
Analysis:
👉Based on important resistance - support levels combined with trend lines and SMA to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 149.85 – 150.00
❌SL: 150.5 | ✅TP: 149.30 – 148.70 – 1.47.50
FM wishes you a successful trading day 💰💰💰
👉The USD/JPY pair continues its downward trend for the second consecutive day, edging closer to the multi-month low reached last week following Trump's warning to Japan about the weak yen. Additionally, rising expectations of further interest rate hikes by the Bank of Japan (BoJ) and a broader risk-off sentiment are bolstering demand for the safe-haven JPY.
👉Market consensus is strengthening around the likelihood of the BoJ tightening its monetary policy further, supporting elevated Japanese government bond (JGB) yields and reinforcing the yen’s strength.
👉As Tuesday’s Asian session begins, USD/JPY remains steady after Monday’s 0.74% decline. Weak US economic data, along with the imposition of tariffs on Mexico, Canada, and China starting March 4, keep the US dollar under pressure against most G7 currencies. The pair is currently trading at 148.85.
Personal opinion:
👉Momentum is still tilted to the downside, as described by RSI (2H) about to enter the overbought zone. Be careful with this because there may be a reversal to the upside, before continuing the downtrend. So watch the price well to enter a Sell order
Analysis:
👉Based on important resistance - support levels combined with trend lines and SMA to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 149.85 – 150.00
❌SL: 150.5 | ✅TP: 149.30 – 148.70 – 1.47.50
FM wishes you a successful trading day 💰💰💰
Trade active
USD/JPY is following the original planTrade closed: target reached
HIt max profit + 160 pips from 150.00.Congratulations you are profitable if you follow FM's plan
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Disclaimer
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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
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.