After Friday’s weak U.S. jobs report, USD/JPY fell sharply, breaking below 150. At the start of the new week the pair stabilized around 147–148, yet the fundamental backdrop remains tilted against the dollar: expectations for Fed cuts in the coming months are weighing on U.S. yields and narrowing the U.S.–Japan yield spread—the primary long-run driver of USD/JPY.
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The Bank of Japan continues an ultra-loose stance, with forecasts showing inflation around target but little appetite for aggressive tightening in the near term. That leaves the main channel of yen support tied to U.S. yield dynamics and global demand for safe-haven assets. With softer U.S. yields and elevated U.S. political uncertainty, demand for defensive currencies may stay resilient.
Additional risk factors include commentary from Japan’s Ministry of Finance regarding the yen and potential bouts of volatility around Fed communications and incoming U.S. data. Today’s base case favors selling USD/JPY on corrective upticks toward 146, as pressure from lower U.S. yields persists.
Trade idea: SELL 147.550, SL 148.550, TP 146.050
Exclusive for our readers – a 202% bonus on deposits of $202 or more! Give the promo code PROFIT202 to customer support and start trading with TRIPLED capital. Full promo details are available via the link.
The Bank of Japan continues an ultra-loose stance, with forecasts showing inflation around target but little appetite for aggressive tightening in the near term. That leaves the main channel of yen support tied to U.S. yield dynamics and global demand for safe-haven assets. With softer U.S. yields and elevated U.S. political uncertainty, demand for defensive currencies may stay resilient.
Additional risk factors include commentary from Japan’s Ministry of Finance regarding the yen and potential bouts of volatility around Fed communications and incoming U.S. data. Today’s base case favors selling USD/JPY on corrective upticks toward 146, as pressure from lower U.S. yields persists.
Trade idea: SELL 147.550, SL 148.550, TP 146.050
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More analytical information and promotions on FreshForex website cutt.ly/LrP6j9qD
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.