USDJPY: BUY 145.00, SL 144.80, TP 145.90 | 20 يونيو 2025

USDJPY:

The Japanese yen (JPY) strengthened slightly against the US dollar after yesterday's positive bilateral price movements amid a global flight to safe assets. Amid uncertainty surrounding US President Donald Trump's trade policy and growing geopolitical tensions in the Middle East, the Federal Reserve's (Fed) hawkish pause on Wednesday is dampening investor appetite for risky assets. This is contributing to a resurgence in demand for traditional safe-haven assets and, in turn, supporting the JPY.

Meanwhile, the Bank of Japan's (BoJ) cautious approach to winding down its decade-long monetary stimulus programme has caused investors to postpone their expectations for the likely timing of the next interest rate hike until the first quarter of 2026. In addition, concerns about the potential economic impact of existing 25% US tariffs on Japanese cars and 24% retaliatory duties on other imported goods may limit the yen's upside. This, along with the recent rebound of the US dollar (USD) from a three-year low, is supporting the USD/JPY pair.

Trading recommendation: BUY 145.00, SL 144.80, TP 145.90

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