Event to Watch Today:
15:30 EET. USD – Producer Price Index
USDJPY:
USD/JPY has stabilized around 148.900, maintaining upside potential due to:
Interest Rates: The Fed keeps yields elevated (10-year bonds at 4.46%), while the Bank of Japan maintains an ultra-loose policy, keeping real yields negative.
Political Uncertainty: Upcoming elections in Japan and possible fiscal tightening reduce the yen’s appeal.
Dollar Demand: Trade frictions and geopolitical risks drive safe-haven flows into the dollar.
A break above 149.000 could open the path to 149.500. Support at 148.600 remains a critical barrier for the bullish scenario.
Trade Recommendation: BUY 149.000, SL 148.700, TP 149.900
15:30 EET. USD – Producer Price Index
USDJPY:
USD/JPY has stabilized around 148.900, maintaining upside potential due to:
Interest Rates: The Fed keeps yields elevated (10-year bonds at 4.46%), while the Bank of Japan maintains an ultra-loose policy, keeping real yields negative.
Political Uncertainty: Upcoming elections in Japan and possible fiscal tightening reduce the yen’s appeal.
Dollar Demand: Trade frictions and geopolitical risks drive safe-haven flows into the dollar.
A break above 149.000 could open the path to 149.500. Support at 148.600 remains a critical barrier for the bullish scenario.
Trade Recommendation: BUY 149.000, SL 148.700, TP 149.900
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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.
More analytical information and promotions on FreshForex website cutt.ly/LrP6j9qD
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.