Support zone 151.300 - technical retracement point, 17 Feb

17 ก.พ.

USDJPY trend forecast February 17, 2025

The Japanese Yen (JPY) surged broadly following the release of an impressive Gross Domestic Product (GDP) report, which revealed that Japan's economy expanded at a pace far exceeding market expectations in the fourth quarter. Coupled with mounting signs of persistent inflationary pressures, this reinforces investor speculation that the Bank of Japan (BoJ) will proceed with further interest rate hikes, providing a notable boost to the JPY.

Adding to the Yen’s strength, growing optimism surrounding a potential delay in US President Donald Trump's proposed reciprocal tariffs, alongside a narrowing US-Japan interest rate differential, further supports the currency’s appreciation. Meanwhile, the US Dollar (USD) remains subdued, hovering near its two-month low from Friday, exerting additional downward pressure on the USD/JPY pair, which extends its decline for the third consecutive session, dipping toward the 152.75 region during Asian trading hours.

Strong downtrend, H4 large frame support zone will help USDJPY price go up

/// BUY USDJPY: zone 151.300-151.100

SL: 150.700

TP: 40 - 80 - 150pips ( 152.600 )

Safe and profitable trading

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Waiting for Entry Buy USDJPY (supporting area)

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+ 100 pips profit , great entry SELL USDJPY ( 151.300 - 151.100 ) , amazing