USD/JPY news:
🔆BoJ's rate hike plan continues to push JGB yields higher, further underpinning the Japanese Yen. Markets weigh renewed US tariff talks, keeping the downside intact in the pair.
🔆The JPY is leading the currency run higher on the USD, with traders taking on board hawkish comments from BoJ policymaker Takata earlier this week and positioning for another jump in Japan’s rate of inflation which will support the outlook for moderately tighter policy."
🔆Japan releases CPI data tonight. January inflation expected to rise
Personal opinion:
🔆JPY will continue to increase in strength in the coming time, while the Dollar continues to decrease mainly due to the impact of the tariff policies that President Trump is implementing
Analysis:
🔆Based on the interest rate policies of BOJ and Fed combined with technical analysis (resistance - support zones and important Fibonacci levels)
Plan:
🔆Price Zone Setup:
👉Sell USDJPY 150.00 -149.80
❌SL: 2976 | ✅TP: 149.30 – 148.70 – 148.00