USDJPY: SELL 147.50, SL 147.70, TP 146.50 | 03 September 2025

Event to watch today:

02.09.25 17:00 EET. USD - ISM Manufacturing Index

USDJPY:

A fundamental weakening of the dollar is observed in the USD/JPY pair against the backdrop of expectations of a Fed rate cut this autumn. Investors in the US remain cautious, awaiting the release of fresh labor market data, while risky assets in the Asian region are pushing the dollar down.

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The Japanese economy is showing positive dynamics - capital expenditures are growing, and expectations of a rate hike by the Bank of Japan are supporting the strengthening of the yen. At the same time, a slowdown in manufacturing activity is only partially holding back the growth of the national currency. The prevailing opinion is that the Bank of Japan may begin a cycle of monetary policy tightening before the end of the year, which increases the potential for the yen's growth against the dollar.

External markets are also under pressure from unclear inflation prospects and a further decline in optimism about the US dollar. The conditions are in favor of a continued downward correction for the USD/JPY pair with the aim of updating support at the 146.15 level.

Trading recommendation: SELL 147.50, SL 147.70, TP 146.50

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