🔔🔔🔔USD/JPY news:
➡️ The Japanese Yen remains under downward pressure as expectations for a Bank of Japan rate hike in 2025 continue to fade. The Fed’s hawkish stance is lending support to the U.S. dollar, further boosting the USD/JPY pair. Any positive impact from inflationary pressures on the Yen has been offset by the dovish tone in this week’s BoJ monetary policy meeting minutes.
➡️ On the geopolitical front, the United States joined Israel in military action against Iran, bombing three nuclear sites on Sunday. Additionally, U.S. Defense Secretary Pete Hegseth issued a warning to Iran against carrying out past threats of retaliation. Investors are now closely watching how Iran will respond to the U.S. strikes.
Personal opinion:
➡️ The United States is heading into a war with Iran, so the USD will be affected. Therefore, USD/JPY will gain momentum but within the trend line today.
➡️ In addition, this currency pair is overbought and there are signs of divergence on RSI (1H). further strengthening the decline.
➡️ Analysis based on support resistance levels and trend lines combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 145.70 - 145.80
❌SL: 145.40 | ✅TP: 146.30
👉Sell USD/JPY 146.75 - 146.85
❌SL: 147.20 | ✅TP: 146.10
FM wishes you a successful trading day 💰💰💰
➡️ The Japanese Yen remains under downward pressure as expectations for a Bank of Japan rate hike in 2025 continue to fade. The Fed’s hawkish stance is lending support to the U.S. dollar, further boosting the USD/JPY pair. Any positive impact from inflationary pressures on the Yen has been offset by the dovish tone in this week’s BoJ monetary policy meeting minutes.
➡️ On the geopolitical front, the United States joined Israel in military action against Iran, bombing three nuclear sites on Sunday. Additionally, U.S. Defense Secretary Pete Hegseth issued a warning to Iran against carrying out past threats of retaliation. Investors are now closely watching how Iran will respond to the U.S. strikes.
Personal opinion:
➡️ The United States is heading into a war with Iran, so the USD will be affected. Therefore, USD/JPY will gain momentum but within the trend line today.
➡️ In addition, this currency pair is overbought and there are signs of divergence on RSI (1H). further strengthening the decline.
➡️ Analysis based on support resistance levels and trend lines combined with RSI to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 145.70 - 145.80
❌SL: 145.40 | ✅TP: 146.30
👉Sell USD/JPY 146.75 - 146.85
❌SL: 147.20 | ✅TP: 146.10
FM wishes you a successful trading day 💰💰💰
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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.