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FxWirePro: USD/ JPY uptrend gains momentum as dollar rises on tariff worries

• USD/JPY strengthened   on Monday  as greenback rose  as traders assessed the impact of Trump's tariff plans. 

• Investor attention this week is on central banks and their response to Trump’s call for interest rate cuts.

• The Fed is expected to keep rates steady on Wednesday, but investors will look for signs of a possible March rate cut if inflation moves closer to the 2% target.

• A daily close below 38.2%fib will further improve bulllish outlook, and open the possibility of gain towards 155.60 level.
 
•  Immediate resistance is located at 156.29 (38.2%fib), any close above will push the pair towards 158.28 (Jan 14th high).

•  Support is seen at 154.57 (LowerBB) and break below could take the pair towards 153.89 (61.8%fib).

Recommendation: Good to buy   around 155.80, with stop loss of 154.90 and target price of 155.60
 

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