{"id":17107,"date":"2025-02-25T07:50:49","date_gmt":"2025-02-25T07:50:49","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17107"},"modified":"2025-02-25T07:50:49","modified_gmt":"2025-02-25T07:50:49","slug":"yen-holds-gains-as-boj-speculation-grows","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-latam\/analysis\/yen-holds-gains-as-boj-speculation-grows\/","title":{"rendered":"Yen Holds Gains as BoJ Speculation Grows"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/cny10-1024x559.png\" alt=\"\" class=\"wp-image-17065\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USD\/JPY remains around <strong>149.7<\/strong>, holding steady amid <strong>rate hike expectations<\/strong> from the Bank of Japan.<\/li>\n\n\n\n<li>Safe-haven demand supports the yen as cross-border and trade tensions rise.<\/li>\n\n\n\n<li>Markets await key Japanese <strong>industrial production, retail sales, and inflation data<\/strong> due Friday.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The <strong>Japanese yen traded near 149.7 per dollar<\/strong> on Tuesday, maintaining its strongest position in <strong>12 weeks<\/strong> as traders reacted to growing expectations of <strong><a href=\"https:\/\/t.co\/Bl2wpBJgcs\">further monetary tightening<\/a><\/strong> from the <strong>Bank of Japan (BoJ)<\/strong>. Recent upside surprises in <strong>Japan\u2019s Q4 inflation<\/strong> have fueled speculation that the central bank will continue raising interest rates this year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A gauge tracking near-term price swings in the Japanese yen climbed on Monday, approaching a six-week high <a href=\"https:\/\/t.co\/0MCn2saOWQ\">https:\/\/t.co\/0MCn2saOWQ<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1894104326341025918?ref_src=twsrc%5Etfw\">February 24, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Market participants are closely monitoring upcoming reports on <strong>industrial production, retail sales, and <\/strong><strong><a href=\"https:\/\/t.co\/NS85IWmK4y\">Tokyo\u2019s inflation<\/a><\/strong> for further clues on Japan\u2019s economic trajectory. These indicators will likely shape expectations for the <strong>BoJ\u2019s next policy move<\/strong>, with some analysts suggesting the central bank could consider another rate hike if inflation remains persistent.<\/p>\n\n\n\n<p>The BoJ has remained <strong><a href=\"https:\/\/t.co\/yVfXA3mZ7V\">cautious about exiting its ultra-loose policy<\/a><\/strong>, but pressure is mounting as price growth proves <strong>stickier than expected<\/strong>. Any further hawkish signals from policymakers could strengthen the yen, pushing <strong>USD\/JPY lower towards the 148.5 level<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Trade and Political Uncertainty Adds to Yen\u2019s Appeal<\/h2>\n\n\n\n<p>The yen has also found support from <strong>safe-haven demand<\/strong> as <strong>global trade tensions<\/strong> escalate. On Monday, <strong>U.S. President Donald Trump reaffirmed <\/strong><strong><a href=\"https:\/\/x.com\/i\/status\/1894059986176606551\">plans to impose tariffs on Canada and Mexico,<\/a><\/strong> further <strong>disrupting trade flows<\/strong> and raising concerns about economic stability.<\/p>\n\n\n\n<p>Additionally, negotiations surrounding <strong><a href=\"https:\/\/t.co\/mW2OnosSFP\">Ukraine and Russia<\/a><\/strong> have added another layer of uncertainty, prompting traders to shift towards traditional safe-haven assets, including the <strong>Japanese yen and gold<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Outlook<\/h2>\n\n\n\n<p>USD\/JPY has seen choppy price action around <strong>149.70<\/strong>, with a recent high near <strong>150.30<\/strong> and a swing low around <strong>148.85<\/strong>. The <strong>short-term moving averages (5, 10, 30)<\/strong> show mixed signals, with the price dipping below them briefly before regaining ground, indicating no clear directional bias.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/image-3-1024x440.jpg\" alt=\"\" class=\"wp-image-17108\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: USD\/JPY stabilises near 149.75, watching 150.30 for resistance, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>Meanwhile, the <strong>MACD<\/strong> is hovering near the zero line, suggesting that bullish and bearish momentum are roughly balanced. A break above <strong>150.30<\/strong> could spark renewed buying toward higher levels, while a move below <strong>148.85<\/strong> might trigger a deeper pullback.<\/p>\n\n\n\n<p>Traders remain cautious, waiting for fresh economic cues to <strong>confirm the next directional move<\/strong>. If Japanese economic data <strong>exceeds expectations<\/strong>, it could strengthen the yen further, pushing <strong>USD\/JPY below 149<\/strong>. However, a weaker-than-expected report could open the door for a <strong>return towards 150.50<\/strong>.<\/p>\n\n\n\n<p>For now, <strong>USD\/JPY remains in a tight range<\/strong>, with traders looking ahead to Friday\u2019s data for a <strong>clearer policy direction<\/strong>.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The yen hovers near 149.7 per dollar, supported by rate hike expectations and safe-haven demand amid global trade tensions. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":17039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44],"tags":[28],"class_list":["post-17107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-yen"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/17107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/comments?post=17107"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/17107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media\/17039"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media?parent=17107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/categories?post=17107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/tags?post=17107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}