No major events are expected today.
USD/JPY is trading around 154.30, showing moderate growth after the Bank of Japan’s decision to keep interest rates at current levels. Pressure on the yen remains high, as the Japanese currency continues to weaken due to the long-term policy of the BoJ and the rise of the dollar following its index increase last week.
Market participants continue to closely monitor global risks and economic data from the U.S. Any signs of further dollar strengthening, especially in the context of strong macro data, could support the growth of the USD/JPY pair. The current trading range reflects relative stability above the 154.00 level, confirming a short-term upward trend.
Given the weak yen and the expected strengthening of the dollar due to economic data and central bank policies, preference is given to buying USD/JPY with a moderate stop-loss below local lows and a target at the 155.30 level.
Recommendations: BUY 154.30, SL 154.00, TP 155.30.