The Bank of Japan kept interest rates unchanged while raising its inflation forecast. This signals caution but also optimism that cooperation with the U.S. could help stabilize Japan’s economy.
On the chart, we see key demand zones (red) holding as potential support, with upside targets toward 148.700 – 149.200 (green key zones). If price sustains above the demand area, bullish momentum could push USD/JPY higher into these resistance levels.
Traders should watch for confirmation signals around support before entering long positions.
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⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making trading decisions.
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Nota
Japanese yen became weaker, reaching a value of 148 yen per US dollar. This happened because the US dollar got stronger after Jerome Powell, the US Federal Reserve Chair, said he is cautious about lowering interest rates. Powell mentioned that it's not clear when rates will be cut because the Fed is trying to control inflation while dealing with a weaker job market. In Japan, manufacturing slowed down a lot, and services grew slower. Companies are worried about the future due to local and global changes. Investors are waiting for more information on Japan's inflation and the Bank of Japan's plans. Politically, Japan's ruling party will choose a new leader soon.Telegram Channel Link -
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
