Maintain in uptrend zone, wait for FOMC

🔔🔔🔔USD/JPY news:

➡️ The Bank of Japan kept interest rates unchanged following its monetary policy meeting but warned of rising global trade uncertainties, avoiding any commitment to future rate hikes. The Japanese yen initially strengthened after the decision but has since weakened.

➡️ Meanwhile, investors remain cautious about making large bets on the US dollar ahead of the Federal Reserve’s decision on Wednesday. While the Fed is widely expected to keep rates steady, it may adopt a less hawkish tone in light of recent weak macroeconomic data. This outcome could potentially cap the dollar’s recovery.

Personal opinion:
➡️ The USD is showing signs of falling after being overbought, the market is adjusting to prepare for the upcoming FOMC.

➡️ Analysis based on support resistance levels and EMA combined with RSI to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Sell USD/JPY 145.15 - 145.25
❌SL: 145.55 | ✅TP: 144.65

FM wishes you a successful trading day 💰💰💰

交易進行

initial plan completed
setup successful

交易結束：目標達成

USD/JPY remains on an uptrend supported by safe-haven flows due to the Israel-Iran war. And the Fed's hawkish stance after the FOMC announcement.