USDJPY - 11 Feb - Moving trendline and sideway

USDJPY trend forecast February 11, 2025

The Japanese Yen (JPY) garnered renewed safe-haven demand during the Asian session on Tuesday as investors reacted to US President Donald Trump’s latest tariffs on steel and aluminum imports. Heightened geopolitical and economic uncertainties further reinforced the Yen’s appeal, drawing capital away from riskier assets.

Additionally, the Bank of Japan’s (BoJ) commitment to further interest rate hikes added to the JPY’s strength, providing a solid foundation for its upward momentum. As a result, the USD/JPY pair remains firmly capped below the 152.00 threshold, with Monday’s retest of a critical confluence support-turned-resistance level failing to catalyze a breakout.

USDJPY sideways around the resistance zone of 152.300, accumulating and still in a downtrend

/// SELL USDJPY: zone 152.300-152.500

SL: 152.800

TP: 40 - 70 - 100pips ( 151.500 )

Safe and profitable trading