USDJPY:
USD/JPY has stabilized around 148.90, maintaining upside potential due to:
Interest Rates: The Fed keeps yields elevated (10-year bonds at 4.46%), while the Bank of Japan maintains an ultra-loose policy, keeping real yields negative.
Political Uncertainty: Upcoming elections in Japan and possible fiscal tightening reduce the yen’s appeal.
Dollar Demand: Trade frictions and geopolitical risks drive safe-haven flows into the dollar.
A break above 149.00 could open the path to 149.50. Support at 148.60 remains a critical barrier for the bullish scenario.
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Trade Recommendation: BUY 149.00, SL 148.70, TP 149.90
Origin: FreshForex
