USDJPY - 3 Feb - Resistance , zone breakout , entry SELL

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USDJPY trend forecast February 3, 2025

USD/JPY remains supported above the key technical level of 154.00, according to analysts at BBH FX.

BOJ Policy Rate Expected to Peak Around 1.00%
Bank of Japan (BOJ) Governor Ueda maintained the central bank’s current guidance, reiterating that further rate hikes could be implemented if economic and inflation projections align. However, he emphasized that monetary policy would remain accommodative to support price stability.

Ueda’s remarks suggest that the BOJ’s policy rate is likely to peak at approximately 1.00% within the next two years, aligning with market expectations. This projection appears reasonable, given that the BOJ anticipates inflation to stabilize near its 2% target by 2026. Ultimately, the BOJ’s gradual approach to policy normalization remains a persistent challenge for the Japanese Yen (JPY).

USDJPY price recovers to breakout zone, waiting for SELL entry today

/// SELL USDJPY : zone 156.000 - 156.200

SL: 156.600

TP: 40 - 70 - 150pips ( 154.700 )

Safe and profitable trading

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Transaction en cours

USDJPY falls exactly according to PLAN trend, DXY cools down, market gradually stabilizes