🔔🔔🔔USD/JPY news:
➡️ The Bank of Japan kept interest rates unchanged following its monetary policy meeting but warned of rising global trade uncertainties, avoiding any commitment to future rate hikes. The Japanese yen initially strengthened after the decision but has since weakened.
➡️ Meanwhile, investors remain cautious about making large bets on the US dollar ahead of the Federal Reserve’s decision on Wednesday. While the Fed is widely expected to keep rates steady, it may adopt a less hawkish tone in light of recent weak macroeconomic data. This outcome could potentially cap the dollar’s recovery.
Personal opinion:
➡️ The USD is showing signs of falling after being overbought, the market is adjusting to prepare for the upcoming FOMC.
➡️ Analysis based on support resistance levels and EMA combined with RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 145.15 - 145.25
❌SL: 145.55 | ✅TP: 144.65
FM wishes you a successful trading day 💰💰💰
➡️ The Bank of Japan kept interest rates unchanged following its monetary policy meeting but warned of rising global trade uncertainties, avoiding any commitment to future rate hikes. The Japanese yen initially strengthened after the decision but has since weakened.
➡️ Meanwhile, investors remain cautious about making large bets on the US dollar ahead of the Federal Reserve’s decision on Wednesday. While the Fed is widely expected to keep rates steady, it may adopt a less hawkish tone in light of recent weak macroeconomic data. This outcome could potentially cap the dollar’s recovery.
Personal opinion:
➡️ The USD is showing signs of falling after being overbought, the market is adjusting to prepare for the upcoming FOMC.
➡️ Analysis based on support resistance levels and EMA combined with RSI to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 145.15 - 145.25
❌SL: 145.55 | ✅TP: 144.65
FM wishes you a successful trading day 💰💰💰
Trade active
initial plan completedsetup successful
Trade closed: target reached
USD/JPY remains on an uptrend supported by safe-haven flows due to the Israel-Iran war. And the Fed's hawkish stance after the FOMC announcement.
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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.