USD/JPY Gathers Momentum Amidst Speculation of BoJ Policy Shift

USD/JPY has taken center stage as it enters a bullish consolidation phase on Monday, treading cautiously just below its recent peak against its American counterpart, recorded in early February. This movement comes amidst intriguing reports circulating over the weekend, hinting at a potential paradigm shift in the Bank of Japan's (BoJ) policy landscape. Speculation is rife that the BoJ could be poised to terminate its yield curve control policies, with murmurs suggesting that such a move could materialize as soon as the forthcoming March 18-19 meeting.

Fueling this speculation is a blend of factors, including optimism surrounding the prospect of another substantial pay hike in Japan. Such developments are seen as potential catalysts for stimulating demand-driven inflationary pressures, thus bolstering expectations for an upward revision of Japan's Q4 GDP figures. Market sentiment is further reinforced by the collective anticipation of an imminent adjustment in the BoJ's policy stance, which consequently serves to underpin the strength of the JPY.

Amidst this backdrop, market analysts are gearing up for a potentially bullish trajectory for the JPY, with initial target points set ambitiously at 149.150. As investors and traders alike brace themselves for potential policy shifts and economic indicators, the landscape of the currency markets remains dynamic and ripe with opportunities.

Trade attivo:

Trade attivo:

✅ Move SL to entry 146.850

Trade chiuso: obiettivo raggiunto:

✅ Close 50% of the Volume
And Move SL to Breakeven

Trade chiuso: obiettivo raggiunto:

✅ Target reached and onto the next opportunity.