USDJPY - lack of liquidity, break and continue to increase

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USD / JPY trend forecast December 26, 2024

The Japanese Yen (JPY) trades within a narrow range against the US Dollar (USD) during the early European session on Tuesday, staying near the multi-month low it reached last week. Market participants remain doubtful about the Bank of Japan's (BoJ) willingness to implement further interest rate hikes. Additionally, the Federal Reserve's (Fed) hawkish stance diminishes expectations of a reduction in the US-Japan yield gap, further weighing on the low-yielding JPY.

H1 frame shows price break and continue to maintain uptrend. Market is slow at the end of the year.

/// BUY USDJPY : zone 157.350 - 157.250

SL: 157.050

TP: 50 - 70 - 100pips (158.350)


Safe and profitable trading

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تم فتح الصفقة

Absolutely accurate

75 pips , signal BUY USDJPY ( 157.350-157.250 )