USDJPY - 4 Feb - move in trendline , SIDEWAY

4 Feb

USDJPY trend forecast February 4, 2025

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) during the Asian session on Tuesday, though further selling is limited due to expectations that the Bank of Japan (BoJ) will continue raising interest rates. Additionally, forecasts that the Federal Reserve (Fed) will implement two rate cuts this year could narrow the interest rate gap between Japan and the US, helping to contain the JPY’s losses.

However, US President Donald Trump’s decision to postpone trade tariffs on Canada and Mexico has reduced demand for the safe-haven JPY. Furthermore, concerns that Japan may eventually become a target for Trump’s tariff policies add to the currency’s weakness. Combined with renewed USD buying, this supports the USD/JPY pair, keeping it comfortably above the key 155.00 level.

The market cooled down when the world learned about the strength of the dollar, the Japanese Yen is making changes to boost the economy (USDJPY) sideways and accumulated this week

/// SELL USDJPY: zone 155.700 - 155.900

SL: 156.200

TP: 40 - 70 - 150pips ( 154.400 )

Safe and profitable trading

4 Feb

Dagangan aktif

USDJPY is sideways, waiting for SELL entry price as planned

4 Feb

Dagangan ditutup: sasaran tercapai

USD JPY decreased below 154,000, accurately trends, Miss Entry Plan a little