USDJPY

Oct 25

**USD/JPY Trade Plan
🚀 **Breakout Trade**:
- **Entry**: 152.40-152.50
- **Stop-Loss**: 151.00-151.20
- **Target**: 153.50-154.00
- **Recommendation**: Enter this trade only if the price breaks above 152.50, confirming strong bullish momentum. Watch for a sustained break before entering.

📉 **Pullback Trade**:
- **Entry**: 150.20-150.50
- **Stop-Loss**: 149.50
- **Target**: 152.50 (Short-Term), 153.50-154.00 (Long-Term)
- **Recommendation**: If the price pulls back to this support level, consider entering. Set a tighter stop-loss to minimize risk in case of continued downward pressure.

🔎 **Fundamental Analysis**:
- **USD Strength**: The U.S. dollar is strong right now, supported by high bond yields and solid economic growth. Although the Fed is expected to cut rates in 2024, the dollar remains resilient for now.

- **JPY Weakness**: The yen remains weak due to the Bank of Japan’s low-interest-rate policy. The upcoming BOJ meeting on Oct 31 could bring some volatility if any changes to monetary policy are announced.

💡 **Impact**:
- If the **USD stays strong**, USD/JPY could continue to rise as investors favor the higher yields in the U.S.
- If the **BOJ changes policy** or U.S. interest rates fall, it could cause the yen to strengthen, leading to a potential trend reversal in USD/JPY.

**Final Recommendation**:
- **Breakout Strategy**: Look for a strong close above **152.50** before entering.
- **Pullback Strategy**: Watch for a bounce at **150.20-150.50** and be cautious of BOJ-related volatility. Use tighter stops for risk management.