USDJPY - 12 Mar, Downtrend Resistance Zone

12 Mar

USDJPY trend forecast March 12, 2025

💬The Japanese Yen (JPY) extends its decline against the US Dollar (USD) for the second consecutive day on Wednesday, retreating further from the highest level since October reached on Tuesday. Market concerns over the possibility of new tariffs on Japan by US President Donald Trump, along with a modest improvement in global risk sentiment, are key factors weighing on the safe-haven JPY. However, any significant weakening of the Yen remains limited due to persistent hawkish expectations surrounding the Bank of Japan (BoJ)

💬 Long term downtrend is still down, pay attention to H1 resistance zone to set up SELL signal

🥇/// SELL USDJPY: zone 148.300 - 148.500

SL: 148.800

TP: 40 - 60 - 100pips ( 147.500)

Safe and profitable trading

12 Mar

İşlem aktif

USDJPY decreases in front of the increase immediately, maintaining the trend of increasing