USD/JPY – 4H Technical and Fundamental Analysis
USD/JPY continues to gain bullish momentum, driven by stronger U.S. inflation data and rising Treasury yields. These macroeconomic factors have tempered expectations of aggressive Fed rate cuts, strengthening the dollar across the board—including against the yen. The Federal Reserve’s cautious tone, amid inflation tied to tariff pressures, further supports dollar strength.
Meanwhile, Japan faces ongoing political uncertainty with an upcoming election, and US-Japan trade negotiations remain sluggish. This creates hesitation around any near-term monetary tightening from the Bank of Japan (BOJ), keeping the yen under pressure and enhancing the bullish outlook for USD/JPY.
From a technical perspective, USD/JPY has broken above the key resistance level at 148.300, signaling renewed buying interest. After a brief consolidation—interpreted as an accumulation phase—price executed a liquidity hunt, triggering stop-losses placed above the resistance. This manipulation move set the stage for a potential continuation higher. Price is currently hovering near a minor key level.
We are now watching for a clear candle close above the 148.300 zone to validate further upside momentum. Once confirmed, we aim to enter long on a breakout play.
📍 Buy Setup
Entry: Buy Stop at 148.660
Stop Loss: 147.570
Take Profit: 150.870
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
USD/JPY continues to gain bullish momentum, driven by stronger U.S. inflation data and rising Treasury yields. These macroeconomic factors have tempered expectations of aggressive Fed rate cuts, strengthening the dollar across the board—including against the yen. The Federal Reserve’s cautious tone, amid inflation tied to tariff pressures, further supports dollar strength.
Meanwhile, Japan faces ongoing political uncertainty with an upcoming election, and US-Japan trade negotiations remain sluggish. This creates hesitation around any near-term monetary tightening from the Bank of Japan (BOJ), keeping the yen under pressure and enhancing the bullish outlook for USD/JPY.
From a technical perspective, USD/JPY has broken above the key resistance level at 148.300, signaling renewed buying interest. After a brief consolidation—interpreted as an accumulation phase—price executed a liquidity hunt, triggering stop-losses placed above the resistance. This manipulation move set the stage for a potential continuation higher. Price is currently hovering near a minor key level.
We are now watching for a clear candle close above the 148.300 zone to validate further upside momentum. Once confirmed, we aim to enter long on a breakout play.
📍 Buy Setup
Entry: Buy Stop at 148.660
Stop Loss: 147.570
Take Profit: 150.870
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
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.
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.