• 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
