USDJPY: BUY 142.50, SL 142.10, TP 143.50 | 30 Abril 2025
30 Abril 2025, USD/JPY
Event to watch out for today:
17:00 EET. USD - US Consumer Confidence Indicator
USDJPY:
The Japanese yen (JPY) is declining during Tuesday's Asian session and is losing some of the strong recovery made the previous day from a two-week low against its US counterpart. The overall market sentiment remains cautiously optimistic amid signs of easing trade tensions between the US and China - the world's two largest economies - and hopes that the US will start announcing some trade deals. That in turn is undermining traditional safe-haven assets including the yen, although traders appear reluctant to make aggressive directional bets ahead of this week's Bank of Japan (BoJ) policy meeting.
The Japanese central bank is due to announce its decision on Thursday and is expected to keep interest rates unchanged amid heightened risks to the fragile economy from US tariffs. However, signs of strengthening inflation in Japan leave the door open for further policy tightening by the BoJ. In addition, persistent geopolitical tensions and US President Donald Trump's rapidly shifting stance on trade policy keep investors on edge, which could limit the Yen's losses. In addition, bearish sentiment around the US dollar (USD) should restrain significant growth of the USD/JPY pair.
Trading recommendation: BUY 142.50, SL 142.10, TP 143.50
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
