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The USD/JPY pair has stabilised round 147.60 following two consecutive days of positive aspects, with the yen now trying to recoup a few of its current losses.
Key Elements Influencing USD/JPY Actions
Uncertainty in international commerce relations stays a key focus for foreign money markets, heightening demand for safe-haven property. Latest stories point out that US President Donald Trump has agreed to satisfy Japanese officers to provoke commerce discussions following a cellphone name with Prime Minister Shigeru Ishiba.
US Treasury Secretary Scott Bessent will lead the negotiations, underscoring the power of the US-Japan alliance. Key matters will embody tariffs, non-tariff obstacles, overseas trade insurance policies, and authorities subsidies.
Regardless of Trump’s openness to dialogue, he has dismissed the potential of delaying new reciprocal tariffs and warned that these measures might stay in place indefinitely. Domestically, Japan’s present account surplus for February reached a report excessive, buoyed by rising exports and declining imports, which has offered agency assist for the yen.
Technical Outlook: USD/JPY
The pair achieved its native draw back goal at 144.50 earlier than correcting to 148.12. Following this correction, we anticipate one other potential decline in direction of 143.83. This situation is supported by the MACD indicator, the place the sign line stays under zero and factors sharply downward.
The pair accomplished an upward construction, reaching 148.12, and is now consolidating under this stage. We anticipate a brand new downward wave in direction of 146.27, with additional draw back potential to 143.83. The Stochastic oscillator confirms this outlook, with its sign line under 50 and trending firmly downward in direction of 20.
Conclusion
The yen’s restoration displays ongoing market warning, with technical indicators suggesting additional draw back for USD/JPY. Buyers will intently monitor commerce developments and macroeconomic information for directional cues.
By RoboForex Analytical Division
Disclaimer
Any forecasts contained herein are primarily based on the writer’s specific opinion. This evaluation will not be handled as buying and selling recommendation. RoboForex bears no duty for buying and selling outcomes primarily based on buying and selling suggestions and evaluations contained herein.
