🔔🔔🔔USDD/JPY news:
➡️ USD/JPY is falling below 144.0 in Asian trade on Wednesday as the US dollar faces fresh selling pressure amid looming trade risks. Meanwhile, the Japanese yen is strengthening, supported by an upbeat preliminary service
➡️ Tokyo’s consumer price index (CPI) has exceeded the Bank of Japan’s 2% inflation target for the third year in a row, with persistent food inflation expected to be confirmed on Friday. This could put further pressure on the BoJ to raise interest rates again
➡️ On the trade front, Japan’s top negotiator Ryosei Akazawa said the latest round of talks with the Trump administration on tariffs put them on track to reach a trade deal as early as this month.
➡️ On the other side, US President Donald Trump said on Friday that he would double steel import tariffs from 25% to 50%. Previously, Trump criticized China, saying that China violated the trade agreement with the United States
Personal opinion:
➡️ USD/JPY will continue to maintain a downtrend today, the recovery of USD has weakened.
➡️ Analysis based on important support and resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.90 - 144.05
❌SL: 144.45| ✅TP: 143.30
FM wishes you a successful trading day 💰💰💰
➡️ USD/JPY is falling below 144.0 in Asian trade on Wednesday as the US dollar faces fresh selling pressure amid looming trade risks. Meanwhile, the Japanese yen is strengthening, supported by an upbeat preliminary service
➡️ Tokyo’s consumer price index (CPI) has exceeded the Bank of Japan’s 2% inflation target for the third year in a row, with persistent food inflation expected to be confirmed on Friday. This could put further pressure on the BoJ to raise interest rates again
➡️ On the trade front, Japan’s top negotiator Ryosei Akazawa said the latest round of talks with the Trump administration on tariffs put them on track to reach a trade deal as early as this month.
➡️ On the other side, US President Donald Trump said on Friday that he would double steel import tariffs from 25% to 50%. Previously, Trump criticized China, saying that China violated the trade agreement with the United States
Personal opinion:
➡️ USD/JPY will continue to maintain a downtrend today, the recovery of USD has weakened.
➡️ Analysis based on important support and resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.90 - 144.05
❌SL: 144.45| ✅TP: 143.30
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan:
Hit + 120 pips from Sell 144.05
Setup successful
Great
Trade closed: target reached
Personal plan Hit 145 pips from Sell 144.05
However, USD/JPY picks up bids to retake 143.00 after Japanese Wages data
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.