USDJPY - 28 Feb, sideway on support 148.800

28 Feb

USDJPY trend forecast February 28, 2025

💬Japanese Yen Strengthens Amid Hawkish BoJ Remarks and Risk-Off Sentiment
The Japanese Yen (JPY) gained traction during the Asian session on Friday after Bank of Japan (BoJ) Deputy Governor Shinichi Uchida delivered hawkish comments, stating that the underlying inflation rate is steadily progressing toward the 2% target. Uchida’s remarks reinforced market expectations that the BoJ will continue its rate-hiking cycle this year, counterbalancing a softer-than-expected Tokyo Consumer Price Index (CPI) reading and providing support for the JPY. Additionally, the prevailing risk-off sentiment further bolstered demand for the Yen, reinforcing its appeal as a safe-haven asset.

💬 Sideway price zone, keep price at support zone 148,800. Accumulate for liquidity

🥇/// BUY USDJPY: zone 148.900 - 148.700

SL: 148.400

TP: 40 - 60 - 120pips ( 149.900 )

Safe and profitable trading

28 Feb

Dagangan aktif

USDJPY has recovered exactly as planned, increasing in price