Fundamental Analysis

• BOJ Keeps Rates Unchanged
• USD/JPY continues to move within the 144 range.

USDJPY Technical Analysis

 USD/JPY is currently in a narrow range-bound market. While the Bank of Japan decided to keep interest rates unchanged during its latest monetary policy meeting, trading volume has decreased as investors await the press conference from BOJ Governor. Although the pair remains above the ascending trendline, a significant break below it could occur depending on the governor’s comments.

The RSI is hovering around 50, indicating a lack of clear direction. While forecasting is difficult under current conditions, a decisive break below the trendline could lead to a drop back into the 142 range. Conversely, if the price rises, it could break into the 145 level.

Day Trading Strategy (1-Hour Chart)

 On the 1-hour chart, Fibonacci levels are in focus, particularly the 61.8% level. The 52-period moving average is forming a large U-shape. If the moving average is respected, the pair is likely to rise.

The intraday trading strategy favors buying on dips:

• Buy Limit: 144.15
• Take Profit: 145.00
• Stop Loss: Below 144.00

Support and Resistance Levels

Support and resistance levels to watch going forward:

• 144.45 – Fibonacci level

Market Sentiment

USDJPY

• 54% short ／ 46% long

Key Economic Events Today