empty
InstaForex - Parceiro oficial da Dragon Racing
InstaForex - Parceiro oficial da Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
Como começar a negociar
Informação útil
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
Sistema PAMM
Sistema ForexCopy
Investimentos passivos
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Página Principal
Área do Parceiro
Vantagens para Afiliados
Registro
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Concursos
Eventos
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Fórums
Estamos nas redes sociais
Humor Forex
Portal Forex
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
História
Porque nos escolher
InstaSport
Regulamentação
Notícias da Empresa
Premiações
Estrelas da InstaForex
InstaForex Offline
Headquarters
Principais documentos
Responsabilidade Social
21.03.2025 12:46 AM
The Outlook for the Japanese Yen Remains Confidently Bullish
Abrir conta de negociação Abrir conta demo

The Bank of Japan (BoJ) kept interest rates unchanged on Wednesday, and the market reacted neutrally, as this outcome was widely expected. BoJ Governor Kazuo Ueda stated that the risk of rising core inflation remains as wage growth and food prices remain elevated. Inflation data for February will be released overnight, and so far, the trend clearly favors further increases.

This image is no longer relevant

This marks the third consecutive BoJ meeting in which the interest rate has remained unchanged. In January, expectations were that the BoJ would raise rates in March, but the new U.S. president's announcement of a tariff review on imports increased uncertainty, leading to another pause—an outcome that was largely anticipated.

Japan is closely monitoring U.S. trade policy changes, with an expected announcement on April 2 regarding tariff increases on automobiles. The United States is Japan's largest export market (over $140 billion), with automobiles accounting for 28% of total exports. Japan fears it may become the next target of trade restrictions, as surveys indicate that business sentiment among manufacturers deteriorated in March.

Domestic wage growth is the second key factor influencing the BoJ's position, as it plays a crucial role in consumer demand and inflation. On Friday, the Japanese Trade Union Confederation (Rengo) announced that it had secured an average wage increase of 5.46%, exceeding last year's figures and marking the largest gain in 30 years. If these numbers are confirmed, expectations for a BoJ rate hike in May will strengthen, further boosting the yen. Current forecasts suggest that the BoJ will raise rates to 0.75% at one of its upcoming meetings, most likely in July, but now the market is increasingly considering the possibility of an earlier hike. Since the Federal Reserve is cutting rates, the trajectory for USD/JPY is quite clear.

Net long positions on the yen have reached $11.3 billion, the strongest speculative bet against the U.S. dollar among G10 currencies. Despite minimal changes in positioning over the past week, bullish momentum for the yen remains strong, and the estimated fair value of USD/JPY continues to decline.

This image is no longer relevant

After forming a local low at 146.50, USD/JPY rebounded slightly but remained within a bearish channel, with little reason to expect sustained growth. There was some speculation that the Bank of Canada might opt for another rate hike, but this did not materialize, and it has not changed the overall market sentiment—the yen is expected to continue strengthening.

Currently, the BoJ is the only major central bank tightening monetary policy, while others are shifting toward easing. We see a high probability of USD/JPY breaking below 146.50 and moving toward the long-term target of 139.59. The only potential disruption to this scenario would be a sharp increase in U.S. inflation expectations, which could alter the FOMC's rate outlook—but for now, there are no signs of such a shift.

Kuvat Raharjo,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
All Analytics
Wave analysis
Análise do GBP/USD em 24 de junho de 2025 O padrão de ondas do GBP/USD continua indicando a formação de uma sequência de ondas impulsivas de alta. Esse padrão é quase idêntico ao do EUR/USD, já que o principal
Chin Zhao
19:59 2025-06-24 +02:00
1450
Wave analysis
Análise do EUR/USD em 24 de junho de 2025 O padrão de ondas no gráfico de 4 horas do EUR/USD segue indicando a formação de um segmento de tendência de alta. Essa transformação ocorreu exclusivamente em razão da nova
Chin Zhao
19:42 2025-06-24 +02:00
1525
Últimas Previsões Plano de Negociação Criptomoedas USD/RUB Economia Russa Análise em Vídeo
Instrumentos de Negociação
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

USD/CHF. Análise e previsão

Hoje, o par USD/CHF continua a permanecer sob pressão pelo segundo dia consecutivo, tendo caído para o nível psicológico chave de 0,8100 e atualizado sua baixa semanal. O principal fator
Irina Yanina 19:38 2025-06-24 UTC+2

A que prestar atenção em 24 de junho? Uma análise dos eventos fundamentais para iniciantes

Pouquíssimos relatórios macroeconômicos estão programados para terça-feira, e nenhum deles possui relevância significativa. Basicamente, o único que merece menção é o Índice de Clima Empresarial Alemão — mas, quem realmente
Paolo Greco 16:50 2025-06-24 UTC+2

O mundo é um palco — e os mercados reagem: queda limitada no ouro e alta no bitcoin

O Irã respondeu aos Estados Unidos com um ataque a uma base militar americana no Catar, demonstrando, assim, sua disposição para retaliação e confronto. Os mercados reagiram de forma bastante
Pati Gani 15:34 2025-06-24 UTC+2

A guerra ficou para trás no mercado

Será que o Irã quer guerra? A julgar pelo ataque simbólico às bases americanas no Catar, Teerã não parece disposto a se envolver em um conflito direto com Washington —
Marek Petkovich 15:20 2025-06-24 UTC+2

XAU/USD. Análise e previsão

Hoje, o ouro está atraindo novos vendedores. Em meio à escalada significativa do conflito entre Irã e Israel, os Estados Unidos realizaram ataques aéreos contra três instalações nucleares iranianas
Irina Yanina 18:01 2025-06-23 UTC+2

USD/CHF. Análise e previsão

No momento, o Índice do Dólar Americano (DXY) atingiu uma nova alta em duas semanas, impulsionado por sinais hawkish da Reserva Federal. O banco central dos EUA manteve sua previsão
Irina Yanina 17:58 2025-06-23 UTC+2

Os EUA entram na guerra entre o Irã e Israel. O que vem a seguir para os mercados? (Possível potencial de queda limitado para os contratos #NDX e #SPX)

Os Estados Unidos não podiam abandonar seu satélite e representante no Oriente Médio — Israel — para enfrentar o Irã sozinho. No domingo, lançaram ataques contra as instalações nucleares iranianas
Pati Gani 17:49 2025-06-23 UTC+2

Dólar americano: Previsão semanal

Os Estados Unidos trazem uma série de eventos econômicos relevantes nesta semana, em um contexto que continua fortemente influenciado pela guerra em curso no Oriente Médio, como já destaquei anteriormente
Chin Zhao 17:37 2025-06-23 UTC+2

Libra Britância: Previsão semanal

A dinâmica da libra esterlina também não será impulsionada pela própria moeda nem por notícias internas do Reino Unido. Os motivos são os mesmos: o envolvimento dos Estados Unidos
Chin Zhao 17:22 2025-06-23 UTC+2

Euro: Prévia da semana

Poucos acreditam que as notícias econômicas conseguirão ofuscar os acontecimentos geopolíticos da próxima semana. Esses "outros acontecimentos" têm relevância global. No fim de semana, os Estados Unidos lançaram ataques contra
Chin Zhao 17:11 2025-06-23 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.