Fundamental Market Analysis for March 7, 2025 USDJPYEvent to pay attention to today:
15:30 EET. USD - Non-Farm Employment Change
USDJPY:
The Japanese Yen (JPY) has been strengthening in recent weeks due to the general weakness of the US Dollar (USD), maintaining the USD/JPY pair near its lowest level since early October, which was reached on Thursday.Speculation that the Bank of Japan (BoJ) will continue to raise interest rates has put upward pressure on Japanese government bond (JGB) yields. The narrowing rate differential between Japan and other countries continues to support the low-yielding yen.Meanwhile, uncertainty surrounding US President Donald Trump's trade policy and its impact on global economic growth continues to weigh on investor sentiment, as evidenced by weaker stock market performance. This is another factor supporting the safe-haven yen. However, USD bears seem reluctant to place new bets and prefer to wait for the release of the US Non-Farm Payrolls (NFP) report, which in turn limits USD/JPY losses.
Trade recommendation: BUY 147.600, SL 147.000, TP 148.400