Selling USDJPY from 153.00

The outlook for USDJPY suggests a continuation of its current uptrend, but considers the possibility of a correction or consolidation in the near term. The currency pair is now under the influence of fundamental factors, such as Japan’s monetary policy and key economic data from the United States, scheduled to be released today. Global market uncertainty could underpin the yen’s appeal as a safe-haven asset, though other drivers might offset this impact in the short run.

In addition, Japan's new Prime Minister, Sanae Takaichi, has recently announced a major economic stimulus package, which is weighing on the national currency. The regulator’s intention to ease monetary conditions further will exacerbate pressure on the yen. Japan’s inflation data for September showed an increase in consumer prices, but the index remained below the central bank’s target level. Meanwhile, the US CPI will be published today, and the report could have a significant impact on the pair. If US inflation statistics come in higher than expected, the dollar will strengthen, pushing USDJPY to the 153.25–153.50 range. Otherwise, the greenback will lose its gains, and the currency pair will pull back to the 152.00 support level.

From a technical perspective, the Relative Strength Index (RSI) is in overbought territory, signaling a potential slowdown in the pair’s uptrend in the short term. USDJPY is nearing its previous peak—a technical resistance level. So, there is a high chance of the price retreating.

The overall recommendation is to sell USDJPY from 153.00. Profits should be taken at the level of 151.00. Stop Loss could be set at 154.00.

The volume of the open position should be calculated so that the potential loss (protected by a Stop Loss order) does not exceed 1% of your deposit. If your account balance does not allow opening a position of this size, it is better to avoid entering the market on this signal and wait for other trade options that meet low-risk criteria.