U.S. Dollar / Japanese Yen
Short
Updated

USDJPY - 16 April, following the main trend, DXY is down

137
USDJPY trend forecast April 16 , 2025

💬The Japanese Yen (JPY) extends its upward momentum during Wednesday’s Asian trading session, as ongoing trade tensions sustain investor demand for traditional safe-haven currencies. The Yen also receives a boost from encouraging domestic economic data, with Japan’s core machinery orders posting a strong rebound in February and exceeding analysts' forecasts. Additionally, optimism surrounding a favorable resolution in the US-Japan trade discussions and growing speculation that the Bank of Japan (BoJ) will proceed with interest rate hikes in 2025 further support the JPY

💬 Following the long-term main trend, USDJPY is down. DXY is under selling pressure, waiting for a sell signal for USDJPY today. ( 143.000 - 143.200 )


🥇/// SELL USDJPY : zone 143.000 - 143.200

SL: 143.500

TP: 40 - 60 - 150pips ( 141.700 )



Safe and profitable trading
Trade active
USDJPY price touched 142.960 then dropped 50 pips, still waiting for active sell signal
Trade closed: target reached
USDJPY Sideway decreases around 142.500

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.