USDJPY: BUY 144.00, SL 143.00, TP 145.40 | 04 Julio 2025
04 Julio 2025, USD/JPY
Event to pay attention to today:
03.07 15:30 EET. USD - Non-Farm Employment Change
03.07 15:30 EET. USD - Unemployment Rate
03.07 15:30 EET. USD - Unemployment Claims
03.07 17:00 EET. USD - ISM Services PMI
USDJPY:
The Japanese Yen (JPY) traded with a slight positive bias against the bearish US Dollar (USD) during the Asian session on Thursday and remains near the near one-month peak reached earlier this week. Despite the Bank of Japan's (BoJ) hesitation to hike rates, investors seem convinced that the central bank will remain on the path of normalizing monetary policy amid rising inflation in Japan. This is a significant divergence from the stance of other major central banks (including the U.S. Federal Reserve (Fed)), which are leaning towards a softer approach, and is favorable for lower JPY yields.
Meanwhile, US President Donald Trump hinted at a possible end to trade talks with Japan, and also threatened new tariffs against Japan over its perceived reluctance to buy American-grown rice. This, along with the overall positive tone towards risk, is a headwind for the safe-haven yen. In addition, traders seem reluctant and prefer to take a wait-and-see approach ahead of today's release of the closely watched US Non-Farm Payrolls (NFP) report. The crucial data will play a key role in influencing the US Dollar (USD) and will give a significant boost to the USD/JPY pair.
Trade recommendation: BUY 144.00, SL 143.00, TP 145.40
FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!
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.
