USDJPY trend forecast January 14, 2025
The Japanese Yen (JPY) struggles to sustain the gains made against the US Dollar over the past three days and faces renewed selling pressure during the Asian session on Tuesday. Investors remain uncertain about the timeline for the Bank of Japan (BoJ) to hike interest rates again. Additionally, reports suggesting that top economic advisers to US President-elect Donald Trump are considering a gradual implementation of tariffs have bolstered market confidence, weakening demand for the safe-haven JPY.
Meanwhile, the Federal Reserve's (Fed) hawkish stance has diminished expectations of a near-term narrowing in the US-Japan yield gap, adding further pressure on the JPY. As a result, the USD/JPY pair halts its pullback from the multi-month high reached last Friday. However, easing fears of disruptive trade policies under Trump’s administration have caused US Treasury yields to moderate slightly. This has kept the US Dollar (USD) below its two-year peak, potentially limiting upside movement for the pair ahead of the US Producer Price Index (PPI) release.
No news - USDJPY price sideway and accumulation, touched H1 trendline and decreased
/// SELL USDJPY : zone 157.700 - 157.900
SL: 158.200
TP: 40 - 80 - 200pips ( 155.900)
Safe and profitable trading