USDJPY - 7 Feb - Downtrend - waiting for retest trend

Feb 7

USDJPY trend forecast February 7, 2025

The Japanese Yen (JPY) continues its upward trajectory for the fourth consecutive day, reaching a nearly two-month high against the US Dollar (USD) during the Asian session on Friday. Hawkish signals from the Bank of Japan (BoJ) have strengthened expectations of further interest rate hikes, reducing the rate gap between the BoJ and major central banks such as the Federal Reserve (Fed). This narrowing differential remains a key driver supporting the lower-yielding JPY.

Additionally, the US Dollar’s recent sharp decline from a more than two-year high has pushed the USD/JPY pair below the 151.00 level for the first time since December 10. However, uncertainty surrounding US President Donald Trump's tariff policies limits the JPY’s further appreciation. Moreover, traders appear cautious and prefer to stay on the sidelines ahead of the US Nonfarm Payrolls (NFP) report, leading to a 70-pip rebound from the daily low for the currency pair.

USDJPY continues downtrend, facing further selling pressure as NF news today is released

/// SELL USDJPY: zone 151.900- 152.100

SL: 152.400

TP: 40 - 70 - 150pips ( 150.600)

Safe and profitable trading

Feb 7

Trade active

+ 25 pips profit SELL signal zone 151.900 - 152.100 , great