JPY Outlooks
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Fundametnal Analysis:
USDJPY pair is currently positioned for potential strength in the U.S. dollar, driven by contrasting economic fundamentals between Japan and the U.S. Japan's GDP growth rate is modest at 0.7%, with an annual contraction of -0.2%, signaling economic weakness, while inflation remains moderate at 2.8%. The Bank of Japan's ultra-low interest rate of 0.25% further weakens the yen as it contrasts sharply with the U.S. Federal Reserve's higher rates (5.25%), making USD assets more attractive. Japan's manufacturing sector is showing signs of contraction with a PMI of 49.8, while services remain in expansion at 53.7. The trade deficit and low consumer confidence in Japan, combined with relatively stronger U.S. growth, indicate that USD/JPY is likely to remain bullish, with the yen under continued pressure unless there is a major policy shift by the Bank of Japan.
Tip: The USD/JPY pair is likely to remain bullish as the U.S. Federal Reserve holds rates at 5.25% while the BOJ maintains its ultra-low 0.25% rate, favoring the dollar. The interest rate differential and Japan's loose monetary policy continue to put downward pressure on the yen, supporting USD strength. (USD/JPY may go bullish again very soon)
Technical Analysis:
USDJPY chart shows a potential bullish reversal forming at the pivot level of 140.822. If the price holds above this support, the pair could rally toward the targets of 148.604 and 151.144. A break below 138.882 could invalidate this bullish outlook. The current structure suggests a likely upward move in the near term.
Overral view
USDJPY pair is currently positioned for potential strength in the U.S. dollar, driven by contrasting economic fundamentals between Japan and the U.S. Japan's GDP growth rate is modest at 0.7%, with an annual contraction of -0.2%, signaling economic weakness, while inflation remains moderate at 2.8%. The Bank of Japan's ultra-low interest rate of 0.25% further weakens the yen as it contrasts sharply with the U.S. Federal Reserve's higher rates (5.25%), making USD assets more attractive. Japan's manufacturing sector is showing signs of contraction with a PMI of 49.8, while services remain in expansion at 53.7. The trade deficit and low consumer confidence in Japan, combined with relatively stronger U.S. growth, indicate that USD/JPY is likely to remain bullish, with the yen under continued pressure unless there is a major policy shift by the Bank of Japan.Tip: The USD/JPY pair is likely to remain bullish as the U.S. Federal Reserve holds rates at 5.25% while the BOJ maintains its ultra-low 0.25% rate, favoring the dollar. The interest rate differential and Japan's loose monetary policy continue to put downward pressure on the yen, supporting USD strength. (USD/JPY may go bullish again very soon)
Technical Analysis:
USDJPY chart shows a potential bullish reversal forming at the pivot level of 140.822. If the price holds above this support, the pair could rally toward the targets of 148.604 and 151.144. A break below 138.882 could invalidate this bullish outlook. The current structure suggests a likely upward move in the near term.Overral view
Note
GBP/JPY reached both of our targets
Note
USD/JPY reached one of our targets
Trade fermée: cible de profit atteinte
The price has reached our target
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