USDJPY: SELL 144.60, SL 145.60, TP 142.60 | 19 يونيو 2025

Event to pay attention to today:

15:30 EET. USD - Unemployment Claims

21:00 EET. USD - FOMC Rate Decision

USDJPY:

The Japanese yen (JPY) continues to depreciate against its US counterpart for the fourth consecutive day, and hit another one-month low during Wednesday's Asian session. The Bank of Japan (BoJ) signaled a cautious approach to winding down its ten-year monetary stimulus amid uncertainty over economic growth. This caused investors to push back their expectations on the likely timing of the BoJ's next rate hike to Q1 2026, which in turn weakened the yen.

Meanwhile, U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach a breakthrough on tariffs at the G7 summit, adding to concerns over the economic impact of U.S. tariffs. This further exacerbates the relative weakness in the yen. The US Dollar (USD), on the other hand, is trying to capitalize on the previous day's strong gains ahead of an important FOMC decision and is holding back further strength in the USD/JPY pair.

Trade recommendation: SELL 144.60, SL 145.60, TP 142.60

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