🔔🔔🔔USD/JPY news:
➡️The Japanese yen (JPY) weakened sharply from its one-week high against the U.S. dollar during Tuesday’s Asian session. Comments from a former Bank of Japan board member indicated that the BoJ may take a cautious approach in reducing its balance sheet, highlighting the challenges it faces in unwinding its massive monetary stimulus. Additionally, a modest rebound in global risk sentiment prompted traders to scale back their bullish positions on the JPY.
➡️ However, any substantial depreciation of the yen remains limited amid growing expectations that the BoJ will continue raising interest rates in response to broadening inflation in Japan.
Personal opinion:
➡️ USD/JPY will continue its downtrend after its brief recovery, with news surrounding US-China and US-EU tariffs remaining in the spotlight. This makes the USD continue its downtrend in the coming time.
➡️ Analyze based on support resistance levels and EMA to come up with suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.00 - 143.15
❌SL: 143.60 | ✅TP: 142.45
FM wishes you a successful trading day 💰💰💰
➡️The Japanese yen (JPY) weakened sharply from its one-week high against the U.S. dollar during Tuesday’s Asian session. Comments from a former Bank of Japan board member indicated that the BoJ may take a cautious approach in reducing its balance sheet, highlighting the challenges it faces in unwinding its massive monetary stimulus. Additionally, a modest rebound in global risk sentiment prompted traders to scale back their bullish positions on the JPY.
➡️ However, any substantial depreciation of the yen remains limited amid growing expectations that the BoJ will continue raising interest rates in response to broadening inflation in Japan.
Personal opinion:
➡️ USD/JPY will continue its downtrend after its brief recovery, with news surrounding US-China and US-EU tariffs remaining in the spotlight. This makes the USD continue its downtrend in the coming time.
➡️ Analyze based on support resistance levels and EMA to come up with suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.00 - 143.15
❌SL: 143.60 | ✅TP: 142.45
FM wishes you a successful trading day 💰💰💰
Trade active
Personal plan Hit + 55 pips from sell 134.15
setup successful
Trade closed: target reached
USD recovers momentum on positive jobs data and moves sideways at EMA200 zone
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✅ 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.