USDJPY: SELL 149.00, SL 149.80, TP 148.20 | 05 March 2025
05 March 2025, USD/JPY
Event to pay attention to today:
16:15 EET. JPY - BOJ Governor Kazuo Ueda Speaks
USDJPY:
On Tuesday, the Japanese yen (JPY) strengthened for the second consecutive day, reaching a multi-month high against the US dollar (USD) last week. The Bank of Japan's (BoJ) hawkish policy outlook continues to support the JPY, while concerns over the economic consequences of US President Donald Trump's tariff policy have led to a decrease in investor appetite for risky assets and contributed to the yen's strength.
Trump's threats regarding Japan's currency depreciation, as well as the low dynamics of US dollar (USD) prices, are other factors exerting downward pressure on the USD/JPY pair. JPY bulls have not been affected by weak macroeconomic data from Japan, which showed an unexpected rise in the unemployment rate and a drop in corporate capital spending for the first time in three years. This suggests that the yen's value may continue to rise.
Trade recommendation: SELL 149.00, SL 149.80, TP 148.20
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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.
