USDJPY - BULLISH MARKET HAS STARTED OR IS JUST A SHORT IMPULSE?
Recent Levels and Bullish Trend: The USD/JPY pair recently maintained around the 145.82 level. There was a bullish momentum due to the relaxation of expectations about the tightening of the Bank of Japan's policy.
Influence of Economic Data: The upcoming U.S. inflation figures are expected to influence the policy of the U.S. Federal Reserve, which could affect the USD/JPY pair. If the figures are weaker than expected, the bullish momentum could be halted.
Reaction to Key Supports: The USD/JPY pair has shown reactions to certain support levels, such as 144.85. Breaking these levels could trigger significant movements in the pair.
Dependence on Central Bank Policies: The future of the USD/JPY pair will largely depend on the policies of the central banks, especially the Bank of Japan and the U.S. Federal Reserve.
Expectations for the Bank of Japan: The Bank of Japan is being closely watched, especially after its promise to change its negative interest rate policy. Any change in this direction could significantly impact the USD/JPY pair.
Geopolitical and Macroeconomic Uncertainties: Factors such as geopolitical tensions and macroeconomic uncertainties are also influencing the behavior of the pair.
In summary, the USD/JPY pair is in a phase of some uncertainty, with factors such as central bank policies, U.S. economic data, and technical support levels playing key roles in its behavior. Investors should be attentive to these factors to better understand the possible directions the pair could take in the short term.
USDJPY IDEA ON TRADINGVIEW GRAPHICS
https://drive.google.com/file/d/1VqMGn00mTSC_w5lMocJbnuunMzTjUq8E/view?usp=drive_link
Influence of Economic Data: The upcoming U.S. inflation figures are expected to influence the policy of the U.S. Federal Reserve, which could affect the USD/JPY pair. If the figures are weaker than expected, the bullish momentum could be halted.
Reaction to Key Supports: The USD/JPY pair has shown reactions to certain support levels, such as 144.85. Breaking these levels could trigger significant movements in the pair.
Dependence on Central Bank Policies: The future of the USD/JPY pair will largely depend on the policies of the central banks, especially the Bank of Japan and the U.S. Federal Reserve.
Expectations for the Bank of Japan: The Bank of Japan is being closely watched, especially after its promise to change its negative interest rate policy. Any change in this direction could significantly impact the USD/JPY pair.
Geopolitical and Macroeconomic Uncertainties: Factors such as geopolitical tensions and macroeconomic uncertainties are also influencing the behavior of the pair.
In summary, the USD/JPY pair is in a phase of some uncertainty, with factors such as central bank policies, U.S. economic data, and technical support levels playing key roles in its behavior. Investors should be attentive to these factors to better understand the possible directions the pair could take in the short term.
USDJPY IDEA ON TRADINGVIEW GRAPHICS
https://drive.google.com/file/d/1VqMGn00mTSC_w5lMocJbnuunMzTjUq8E/view?usp=drive_link
Wilmer Blasini