USD/JPY market forecast and trend analysis

Due to the significant decline in US bond yields, investors have been prompted to bet that it will be difficult for the Federal Reserve to raise interest rates further. The peak of US dollar interest rates is expected to come. It seems that the pressure on the yen in terms of interest spreads is being lifted, and the yen has once again returned to a clear strong return posture.

Judging from the trend, USD/JPY is currently under pressure in the trend channel, and has recently fallen under pressure here many times, supporting USD/JPY to continue to fluctuate in the downward channel, thereby increasing the possibility of the pair approaching the next bearish target near 130.

In addition, USD/JPY has fallen under pressure many times near 132.65, which has consumed the upward momentum to a certain extent. When market psychological pressure is formed, some subsequent selling orders may trigger short-selling to make up for it, and push USD/JPY to open a market to make up for the decline.

In terms of trading ideas, USD/JPY: You can enter the market with short orders near 132.65 in small batches, and the short-term target is near 131.

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Trade active:

The current exchange rate has begun to fall, patiently waiting for profit expansion

Trade active:

The exchange rate is fluctuating within a narrow range, but it has not broken through 132.65. Short orders around 132.65 can continue to be held

Trade active:

At present, the exchange rate has begun to fall in the short term, and everyone continues to hold short orders around 132.65, waiting for the profit to expand