USDJPY: BUY 148.20, SL 148.05, TP 149.20 | 08 Septiembre 2025

Event to pay attention today:

05.09.25 15:30 EET. USD — Change in Nonfarm Payrolls / Unemployment Rate

USDJPY:

The Japanese yen (JPY) strengthened against the U.S. dollar during Friday’s Asian session amid upbeat domestic data showing that real wages turned positive for the first time in seven months.

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Moreover, the rise in household spending in Japan in July, albeit at a slower-than-expected pace, reinforces market bets that the Bank of Japan (BoJ) will continue moving toward normalizing its policy. This came after U.S. President Donald Trump on Thursday signed an order to reduce tariffs on imports of Japanese cars and a slight strengthening of the yen.

Meanwhile, market participants still diverge on the likely timing and pace of BoJ rate hikes. This, along with a generally positive risk tone, may act as a headwind for the safe-haven yen.

In addition, traders may wait for the U.S. Nonfarm Payrolls (NFP) report to gain more insight into the course of Federal Reserve rate cuts, which in turn will affect the U.S. dollar (USD) and give the USD/JPY pair fresh momentum. Nevertheless, the fundamental backdrop appears to favor the yen and confirms the prospects for further gains.

Trading recommendation: BUY 148.20, SL 148.05, TP 149.20

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