USDJPY trend forecast January 30, 2025
USD/JPY declines despite the Fed’s removal of inflation-related language.
The Federal Reserve's policy statement emphasized the strength of the labor market while stating that the risks to its dual mandate objectives are "roughly balanced." Officials acknowledged steady economic growth and reaffirmed their commitment to assessing potential risks while maintaining the current pace of balance sheet reduction. The decision was reached unanimously.
After yesterday's FOMC, interest rates remained unchanged, inflation was somewhat controlled, USD decreased, affecting USDJPY to decrease accordingly, breaking the trend and continuing the downtrend.
/// SELL USDJPY : zone 154.900 - 155.100
SL: 155.400
TP: 40 - 70 - 150pips ( 153.600 )
Safe and profitable trading