USDJPY - 21 Mar, trendline and continue downtrend

USDJPY trend forecast March 21, 2025

💬The Japanese Yen (JPY) weakens slightly during the Asian session on Friday after Japan's annual National Consumer Price Index (CPI) data for February showed a slowdown. This, coupled with a modest uptick in the US Dollar (USD), helps the USD/JPY pair extend its rebound from the weekly low and reclaim the 149.00 level in the past hour. However, expectations that the Bank of Japan (BoJ) will continue raising interest rates—driven by strong wage growth potentially boosting consumer spending and fueling inflation—are likely to limit further JPY losses.

💬 Price shows signs of breaking the H1 support zone, in the context of a weakening USD. There is no important economic news at the weekend, mainly moving according to the current main trend, down.

🥇/// SELL USDJPY : zone 149.100 - 149.300

SL: 149. 600

TP: 40 - 60 - 100pips ( 148.300 )

Safe and profitable trading