Japan Jena is developing to an over two months of level in relation to USD in terms of the augment in the BOOD rate

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  • Japanese yen is still strengthening in connection with the growing plants in order to obtain additional increases in Bij rates.
  • The threat of Trump’s tariff fluctuates the mood of investors, but also benefit JPY safely.
  • HastrzÄ™bia perspective Fed does not impress USD bulls or provide support for USD/JPY.

Japanese Jeny (JPY) maintain control over the European session on Thursday among the growing acceptance that the Bank of Japan (Bij) will continue to augment interest rates. Meanwhile, the expectations of Hawkish Boj are pushing the Japanese government bond (JGB) to their highest level for over a decade. The resulting narrowing of the rate difference between Japan and other countries is an additional augment for the lower JPY.

In addition, the novel wave of global risk aversion, caused by the tariff threats of US President Donald Trump, also benefits a secure JPA. This, with the emergence of the sales of the American dollar (USD), drags a pair of USD/JPA closer to the psychological sign 150.00 or its lowest level from December 9. After saying, the hawks of the Federal Reserve Perspectives (FED) can act as an action as an action as a restricted wind for a zloty and support for currency couple.

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Japanese bulls Jena keep control because the expectations of Hawkish Boj

  • Member of the management board of Bank of Japan, Hajime Takata, said on Wednesday that Japan’s actual interest rates remain deeply negative, and the central bank must even adjust the level of monetary support even more if the economy is consistent with forecasts.
  • There is an confident gross domestic (GDP) domestic product on Monday in Japan (GDP), and the BOW expectations will continue to augment interest rates, which still accelerates that the Japanese government bond (JGB) is higher.
  • According to the Reuters survey, over 65% of economists claim that the BOW can raise a key interest rate to 0.75% in the third quarter, and the salary growth rate in this year’s work interviews is perceived as 5.00% vs. 4.75% voting in January.
  • The performance at the level of benchmark 10-year-old JGB goes the highest since November 2009, which in turn is a mighty augment in Japanese Jena during the Asian session on Thursday among the novel wave of global risk aversion.
  • US President Donald Trump said on Wednesday that next month he would announce tariffs about many products, and even earlier, fueling concerns about the global trade war and investors’ appetite at hardening temperature for more risky assets.
  • Gazeta Asahi informed on Thursday that the Japanese minister of trade, Yoji Muto, is planning a trip to the USA in March to ask that Trump’s administration release Japan from the upcoming tariffs to steel and cars.
  • Minutes from the January meeting of the FOMC published on Wednesday revealed that officials noticed a high degree of uncertainty that requires a central approach from the bank to consider further reduction of interest rates.
  • Fed Vice -President Philip Jefferson noticed that the US economic results were quite mighty, the US labor market is solid, inflation has softened, but it is still increased, and the path to 2% inflation can be bumpy.
  • Separately, the President of Chicago Fed, Austan Goolsbee, said that inflation has dropped, but it is still excessive, and when inflation drops, the feet may fall more. This, however, does not give much an American dollar any significant impulse.
  • On Thursday, the American economic document contains the issue of weekly initial unemployment claims and the Philly Fed production index. In addition, the speeches of influential FOMC members will conduct a few USD and USD/JPy.

USD/JPY bears are now waiting for a break below 150.00 psychological sign before placing fresh plants

From a technical point of view, a constant break and acceptance below the sign 151.00 can be seen as a fresh trigger for bear -bears. In addition, the oscillators on the daily table stay deep in the negative territory and are still not in the sales zone. This, in turn, suggests that the path of the slightest resistance for the USD/JPY pair is in minus and supports the prospects of the slide towards the psychological sign 150.00. The downward trajectory can stretch further towards the region 149.60-149.55 on the way to the sign 149.00 and low December 2024, around the region 148.65.

On the other hand, the horizontal interruption point 150.90-151.00, now seems to act as an immediate obstacle, above which a brief cover attack can raise a pair of USD/JPY to an obstacle 151.40. Any further movements can be seen as an opportunity to sell about 152.00 a round mark and risk distribution quite quickly near the area of ​​152.65. The latter represents a very significant 200-day straight movable average (SMA) and should act as a key key point for short-term traders.

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