🔔🔔🔔USD/JPY news:
➡️ The Japanese Yen maintained its positive momentum against a weaker U.S. Dollar as European trading began, with the USD/JPY pair struggling to stage any meaningful recovery from the weekly lows hit earlier on Friday. Yen bulls appeared unfazed by Japan's disappointing Q1 GDP figures, as the Bank of Japan grows increasingly open to another rate hike in 2025.
➡️ On the other hand, the U.S. Dollar remained under downward pressure following lower-than-expected U.S. PPI data.
Personal opinion:
➡️ The BOJ's ability to raise interest rates once more compared to the Fed's ability to cut interest rates makes the JPY more attractive to investors. Therefore, the downtrend of USD/JPY will still be maintained
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 145.65 - 145.75
❌SL: 146.05 | ✅TP: 145.05
FM wishes you a successful trading day 💰💰💰
➡️ The Japanese Yen maintained its positive momentum against a weaker U.S. Dollar as European trading began, with the USD/JPY pair struggling to stage any meaningful recovery from the weekly lows hit earlier on Friday. Yen bulls appeared unfazed by Japan's disappointing Q1 GDP figures, as the Bank of Japan grows increasingly open to another rate hike in 2025.
➡️ On the other hand, the U.S. Dollar remained under downward pressure following lower-than-expected U.S. PPI data.
Personal opinion:
➡️ The BOJ's ability to raise interest rates once more compared to the Fed's ability to cut interest rates makes the JPY more attractive to investors. Therefore, the downtrend of USD/JPY will still be maintained
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 145.65 - 145.75
❌SL: 146.05 | ✅TP: 145.05
FM wishes you a successful trading day 💰💰💰
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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.
✅ 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.