The market for USD/JPY is trending positively

Forex

Summary:

On February 2, 2025, the USD/JPY pair rose to 155.205, its highest level in the past 5 years. This increase took place in the context of the widening interest rate gap between the US and Japan...

BUY USDJPY

Close Time

CLOSED

155.200

Entry Price

156.000

155.000

151.339 -0.101 -0.07%

20.0

Pips

Loss

155.000

154.777

Exit Price

155.200

Entry Price

156.000

Overview

On February 2, 2025, USD/JPY traded at 155.205, up 0.72% from the previous day. The intraday high was 156.065 on January 27, 2025, while the low was 153.885 on January 30, 2025. The increase reflects the widening interest rate differential between the US and Japan, as the Fed maintains a tight monetary policy while the BoJ is expected to continue raising interest rates in 2025.

Market psychology

Market sentiment on USD/JPY is currently positive, with expectations that the interest rate differential between the US and Japan will continue to support the USD against the JPY. However, investors are also concerned about the possibility of intervention from the BoJ if the JPY weakens too much, which could create significant volatility in the foreign exchange market.

Technical analysis

The market for USD/JPY is trending positively_1

On the chart, USD/JPY has broken the important resistance at 154.50 and is currently trading above important moving averages such as MA50 and MA200, indicating that the uptrend is dominant. The RSI is at 68, near the overbought zone, suggesting a possible short-term correction. The MACD is also showing a bullish signal, reinforcing the current trend.

Important support levels to watch include 154.50 and 153.00. If price breaks below these levels, a downtrend could be triggered. Conversely, if price can break above the resistance at 156.50, an uptrend could be confirmed with the next target at 158.00.

Trading Recommendations

Based on the above analysis, buying USD/JPY can be considered if the price breaks and sustains above the important resistance level, confirming the uptrend.

Entry: 155.2

Take Profit: 156

Stop Loss: 155.0

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Adam

Forex

Summary:

The AUD/USD pair traded around 0.6216, near a five-year low. The decline was driven by weak Australian inflation data and expectations that the Reserve Bank of Australia (RBA) will cut interest rates at its upcoming meeting...

SELL AUDUSD

Close Time

CLOSED

0.62000

Entry Price

0.61100

0.62500

0.62712 -0.00104 -0.17%

90.0

Pips

Profit

0.61100

Exit Price

0.62000

Entry Price

0.62500

Overview

On February 2, 2025, the AUD/USD pair traded around 0.6216, falling sharply after Australia's Consumer Price Index (CPI) data for the fourth quarter of 2024 came in lower than expected. The CPI for the fourth quarter rose 0.2% q-o-q, below the forecast of 0.3%, and rose 2.4% y-o-y, below the expected 2.5%. This raised expectations that the RBA could cut interest rates at its policy meeting in February.

Meanwhile, the US dollar regained momentum during the week, putting further pressure on the AUD/USD pair.

Market psychology

The market sentiment on AUD/USD is currently quite negative. The decline in AUD has been driven by weak economic data and expectations of loose monetary policy. In addition, concerns that US President Donald Trump may impose 10% tariffs on Chinese goods from February 1 have also added pressure, as China is an important trading partner of Australia.

Technical analysis

On the chart, AUD/USD has broken below the key support at 0.6250, indicating that the downtrend is dominant. The RSI (Relative Strength Index) has dropped to the 30 zone, suggesting that the short-term upside correction may be weakening. The pair may test the lower boundary of the falling channel near the support level of 0.6110.

Trading Recommendations

Based on the above analysis, shorting AUD/USD can be considered if the price breaks below the important support level, confirming the downtrend.

Entry: 0,6200

Take Profit (Profit Closing Price): 0.6110

Stop Loss (Stop Loss Price): 0.6250

Risk Warnings and Disclaimers

Add to Favorites

Adam

Cryptocurrency

Summary:

On February 2, 2025, the price of Bitcoin (BTC) fell below $100,000, trading around $99,155. The decline came amid concerns over new US tax policies and increased selling pressure in the market...

SELL BTC-USDT

Close Time

CLOSED

98500.0

Entry Price

97000.0

101000.0

95803.7 -2498.4 -2.54%

1500.0

Pips

Profit

97000.0

96925.3

Exit Price

98500.0

Entry Price

101000.0

Overview

On February 2, 2025, Bitcoin was trading at $99,155, down about 2.63% from the previous day. The intraday high was $102,276, while the low was $98,188. The decline was attributed to concerns about new US tax policies, which could increase import prices and inflation, leading to tighter monetary policy from the US Federal Reserve (Fed). This could negatively impact risk assets like Bitcoin.

Market psychology

Bitcoin market sentiment is currently trending negative. The price drop below $100,000 has raised concerns about a deeper correction. Some analysts warn that if Bitcoin breaks below the key support level of $90,000, a sharp panic sell-off could occur.

Technical analysis

Market Sentiment for Bitcoin is Trending Negative_1

On the chart, Bitcoin has broken below the key support level at $100,000, suggesting that the downtrend may continue. The RSI indicator is entering the oversold zone, suggesting that a short-term recovery is possible. However, the MACD indicator remains in the negative zone, suggesting that the bearish momentum is still strong.

The next important support levels to watch include $95,000 and $90,000. If the price breaks below these levels, the downtrend could be reinforced. Conversely, if the price can break above the resistance at $100,000, the uptrend could be confirmed.

Trading Recommendations

Based on the above analysis, shorting Bitcoin can be considered if the price breaks below a key support level, confirming a downtrend.

Entr: $98500

Take Profit: $97000

Stop Loss: $101000

Risk Warnings and Disclaimers

Add to Favorites

Adam

Cryptocurrency

Summary:

On February 2, 2025, the price of Ethereum (ETH) fell below $3,100, trading around $3,080.82. This decline came amid increased selling pressure and general volatility in the cryptocurrency market...

SELL ETH-USDT

Close Time

CLOSED

3050.00

Entry Price

2980.00

3150.00

2595.10 -126.96 -4.66%

700.0

Pips

Profit

2980.00

2977.63

Exit Price

3050.00

Entry Price

3150.00

Overview

On February 2, 2025, Ethereum was trading at $3,080.82, down 5.29% from the previous day. The intraday high was $3,262.19, while the intraday low was $3,050.42. This decline reflects increased selling pressure in the market, possibly due to investors taking profits after the recent price increase.

According to analysis from Stockbiz, despite recent selling pressure, Ethereum is still showing strong bullish signals and maintaining its recovery momentum even as investors move large amounts of ETH to exchanges. This shows that the market is still in an accumulation phase, with investors waiting for signs of new buying interest.

Market psychology

Currently, the market sentiment for Ethereum is somewhat negative, as evidenced by increased selling pressure and a decline in price. However, according to a report from MarketWatch, if current supply and demand factors continue, ETH could reach a record high above $5,000 within the next year. This shows that some analysts are still optimistic about Ethereum's long-term prospects.

Technical analysis

Ethereum Drop Below $3,100: Shorting Opportunity or Reversal Signal?_1

On the chart, ETH has broken below the key support at $3,100, suggesting that the downtrend may continue. The RSI is entering the oversold zone, suggesting that a short-term recovery is possible. However, the MACD remains in the negative zone, suggesting that the bearish momentum is still strong.

The next important support levels to watch include $3,000 and $2,900. If the price breaks below these levels, the downtrend could be reinforced. Conversely, if the price can break above the resistance at $3,200, the uptrend could be confirmed.

Trading Recommendations

Based on the above analysis, shorting Ethereum can be considered if the price breaks below a key support level, confirming a downtrend.

Entry: $3050

Take Profit: $2980

Stop Loss: $3150

Risk Warnings and Disclaimers

Add to Favorites

Manuel

Cryptocurrency

Summary:

If buyers successfully defend this zone, BTC could stage a rebound toward $105,000 in the near term.

BUY BTC-USDT

Close Time

CLOSED

102698.5

Entry Price

105000.0

101000.0

95803.7 -2498.4 -2.54%

1698.5

Pips

Loss

101000.0

100974.5

Exit Price

102698.5

Entry Price

105000.0

The Czech National Bank (CNB) has long set itself apart from its European counterparts by embracing unconventional investment strategies. While this approach has led to some notable missteps—such as investments in Enron and Wirecard—the CNB remains open to exploring alternative assets. Traditionally, central banks favor stable and strategic assets like gold or foreign currencies to maintain reserves.

Now, the CNB is considering an unprecedented move. If the proposal gains traction, the bank could allocate up to $7.3 billion into Bitcoin (BTC), making it the first known central bank to hold the world's largest cryptocurrency as part of its reserves.

CNB Governor Aleš Michl has hinted that more central banks could follow this path over the next five years. However, European Central Bank (ECB) President Christine Lagarde appears to disagree. In a recent statement, Lagarde firmly rejected the idea of Bitcoin being incorporated into eurozone central bank reserves, expressing confidence that no ECB-member institutions would consider such a move.

This discussion gained momentum after U.S. President-elect Donald Trump proposed the creation of a national strategic Bitcoin reserve last year. His initiative has fueled global interest in Bitcoin among governments, with countries such as Brazil, Russia, Japan, and Chile—along with various U.S. states—considering adding Bitcoin to their reserves.

Speaking at a press conference on Thursday, Lagarde reinforced her stance, citing concerns over liquidity, security, and regulatory scrutiny as reasons why Bitcoin remains unsuitable for central bank reserves. "I am confident that Bitcoin will not be included in the reserves of any General Council central bank," she stated.

Her comments came immediately after the ECB announced its latest interest rate cut of 25 basis points, marking its fifth consecutive reduction since initiating its monetary easing cycle in June 2024. The latest cut brought the ECB’s deposit facility rate down to 2.75%, as reported by The Block.

This marks a growing divergence between European and U.S. monetary policies, particularly regarding cryptocurrencies. While the ECB has emphasized the need to accelerate the development of a digital euro, Trump’s administration has taken a different stance. Last week, the newly elected president signed his first executive order on digital assets, which promotes stablecoins while prohibiting the creation of a central bank digital currency (CBDC)—effectively blocking the Federal Reserve from issuing a digital dollar.

Meanwhile, Norway's sovereign wealth fund, one of the world's largest, has significantly increased its indirect exposure to Bitcoin. Over the past year, Norges Bank Investment Management (NBIM) expanded its Bitcoin holdings by more than 150%, primarily through investments in crypto-related companies.

According to K33 Research head Vetle Lunde, NBIM had an estimated 3,821 BTC exposure by the end of 2024—representing a 153% increase from 2023. Lunde shared a series of charts on social media highlighting the fund's growing interest in the crypto sector.

Back in 2020, the fund held less than 800 BTC, a figure that increased to 1,507 BTC by the end of 2023. This rapid expansion in crypto investments reflects a broader institutional shift toward digital assets, despite ongoing regulatory uncertainty in global markets. Potential Bullish Rebound from Local Support_1

Potential Bullish Rebound from Local Support_1

Technical Analysis

Bitcoin recently retraced to $101,500, pulling back from its local high of $106,500—a decline of approximately 5%—as risk sentiment rises following Trump's proposed new trade tariffs. However, $102,300 has emerged as a key demand zone, where buyers have consistently stepped in to accumulate at more favorable prices. If this level holds, Bitcoin could see renewed upside momentum, as its fundamental outlook remains strong.

The 100-period and 200-period moving averages on the 4-hour chart are positioned near $100,000 and $103,500, respectively. Meanwhile, the Relative Strength Index (RSI) currently sits at 44, indicating a neutral stance with no immediate signs of oversold conditions.

Given these technical signals, traders are closely monitoring price action to assess the likelihood of a further drop. Should Bitcoin break below the current support, the next significant downside level to watch is $101,000. Conversely, if buyers successfully defend this zone, BTC could stage a rebound toward $105,000 in the near term.

Trading Recommendations

Trading direction: Buy

Entry price: 102700

Target price: 105000

Stop loss: 101000

Validity: Feb 10, 2025 15:00:00

Risk Warnings and Disclaimers

Add to Favorites

Warren Takunda

Economic

Summary:

The EUR/USD pair declined to near 1.0370 as softer inflation data from Germany weighed on the Euro, while the US Dollar gained strength amid geopolitical tensions and tariff threats from Donald Trump.

SELL EURUSD

Close Time

CLOSED

1.03780

Entry Price

1.02200

1.04700

1.03295 -0.00522 -0.50%

158.0

Pips

Profit

1.02200

1.02197

Exit Price

1.03780

Entry Price

1.04700

The EUR/USD pair faced sustained selling pressure during Friday’s European session, declining to near 1.0370 as the Euro weakened against a resilient US Dollar. The currency pair’s downturn was fueled by softer-than-expected inflation data from six German states, which bolstered expectations that the European Central Bank (ECB) could maintain its dovish policy stance in the coming months. Meanwhile, geopolitical tensions escalated as former US President Donald Trump threatened to impose hefty tariffs on BRICS nations and key trading partners, adding to market uncertainty.

The Euro’s decline was primarily driven by a slowdown in inflationary pressures across six German states in January. Preliminary data showed that consumer price growth in these regions decelerated more than anticipated, signaling that inflationary pressures in the Eurozone’s largest economy may be easing. This development has reinforced market confidence that Eurozone inflation is on track to return sustainably to the ECB’s 2% target, paving the way for potential rate cuts later this year.

The softer inflation figures come on the heels of the ECB’s latest monetary policy decision, where the central bank cut its Deposit Facility Rate by 25 basis points (bps) to 2.75%. ECB President Christine Lagarde expressed cautious optimism during her press conference, stating that the Eurozone is making progress in its fight against inflation. However, she emphasized that the central bank remains in “restrictive territory” and avoided committing to a predefined rate-cut path. Lagarde reiterated that future decisions would be data-dependent, with the ECB assessing economic conditions on a meeting-by-meeting basis.

Investors are now awaiting the release of the Eurozone’s Harmonized Index of Consumer Prices (HICP) for January, scheduled for Monday. However, the impact of this data may be limited, as the inflation figures from Germany’s states have already provided a clear snapshot of the current price trends.

While the Euro struggled, the US Dollar found strength in its safe-haven appeal, buoyed by escalating geopolitical tensions. On Thursday, Donald Trump took to his social media platform, TruthSocial, to threaten imposing 100% tariffs on BRICS nations—Brazil, Russia, India, China, and South Africa—if they attempt to create or back a new currency to replace the US Dollar. Trump also warned of imposing 25% tariffs on imports from Mexico and Canada, two of the United States’ largest trading partners.

Trump’s tariff threats have raised concerns about a potential trade war, which could have far-reaching implications for global markets. Market analysts believe that such measures, if implemented, would be inflationary for the US economy, potentially complicating the Federal Reserve’s efforts to bring inflation under control.

The Federal Reserve kept interest rates unchanged at its January meeting, maintaining the benchmark rate in the range of 4.25%-4.50%. The central bank signaled that it would remain in a holding pattern until it sees “real progress” in inflation or signs of weakness in the labor market. Fed Chair Jerome Powell reiterated the central bank’s commitment to a data-driven approach, emphasizing that any future rate adjustments would depend on incoming economic indicators.

Market participants are now focusing on the upcoming US Personal Consumption Expenditure (PCE) Price Index data for December, set to be released later today. Economists expect monthly core PCE inflation to rise by 0.2%, up from 0.1% in November, while the year-on-year figure is forecast to hold steady at 2.8%. A stronger-than-expected reading could bolster the US Dollar further, adding to the EUR/USD’s downward pressure.

Technical Analysis

From a technical perspective, the EUR/USD pair is hovering near the neckline of a head-and-shoulders pattern, a bearish technical formation that suggests further downside potential. A break below this level could confirm a move toward the next support levels at 1.0325 and 1.0220. The 50-day Exponential Moving Average (EMA) is also exerting downward pressure on the price, reinforcing the bearish outlook.

The pair’s immediate resistance is seen at 1.0455, and a break above this level would invalidate the current bearish bias. However, as long as the price remains below this threshold, the path of least resistance appears to be downward.

TRADE RECOMMENDATION

SELL EURUSD

ENTRY PRICE: 1.0378

STOP LOSS: 1.0470

TAKE PROFIT: 1.0220

Risk Warnings and Disclaimers

Add to Favorites

Warren Takunda

Commodity

Summary:

Gold prices have surged to a fresh all-time high, driven by a combination of geopolitical tensions, trade war fears, and concerns over a potential tech-led market correction.

BUY XAUUSD

Close Time

CLOSED

2789.99

Entry Price

2850.00

2750.00

2862.89 +7.21 +0.25%

69.9

Pips

Profit

2750.00

2796.98

Exit Price

2789.99

Entry Price

2850.00

Gold prices have surged to a fresh all-time high, breaching key resistance levels as investors flock to the safe-haven asset amid a perfect storm of geopolitical tensions, escalating trade wars, and mounting fears of a global risk selloff. The precious metal’s rally, which saw the price of an ounce hit a record high yesterday, underscores the growing unease in financial markets as investors grapple with a complex web of macroeconomic and geopolitical risks.

The latest catalyst for gold’s ascent appears to be the renewed threat of U.S. tariffs, a move that many analysts believe will not only fail to "Make America Great Again" but could also trigger a lose-lose scenario for the global economy. President Trump’s recent tariff threats have reignited fears of a protracted trade war, which could further destabilize an already fragile global economic landscape. This uncertainty has driven investors to seek refuge in gold, a traditional safe-haven asset that tends to perform well during periods of market turmoil.

But tariffs are just one piece of the puzzle. Rising geopolitical tensions, particularly in the Middle East and Eastern Europe, have added to the risk-off sentiment. Meanwhile, concerns over the ballooning U.S. government debt and the potential for a tech-led market correction have further fueled the flight to safety. The tech sector, which has been a key driver of equity market gains in recent years, is now facing heightened scrutiny as valuations reach levels that some analysts describe as unsustainable. The specter of a "tech rout" looms large, and investors are bracing for the possibility of a broader market selloff.

Central bank policies are also playing a significant role in gold’s rally. The Federal Reserve’s dovish pivot earlier this year, coupled with uncertainty around the trajectory of interest rates, has created a favorable environment for gold. Additionally, emerging market central banks have been steadily increasing their gold reserves as a hedge against potential deterioration in relations with the U.S. This trend is likely to continue, particularly if trade tensions escalate further.

Market positioning data from the Commodity Futures Trading Commission (CFTC) reveals a notable increase in speculative buying of gold since the beginning of the year. This surge in bullish bets can be attributed to a combination of factors, including fears of a Trump-induced trade war, overstretched tech valuations, and growing chatter about a potential market correction. However, the rapid rise in speculative long positions also raises the risk of a short-term pullback, particularly if some of the fears driving the rally—such as concerns over artificial intelligence (AI) disruptions triggered by companies like DeepSeek—prove to be overblown.

Technical Analysis

From a technical perspective, gold’s bullish trend remains firmly intact. The price has settled above the critical 2,790.00 level,reinforcing the upward trajectory.The next key resistance level is located at 2,790.00 level,reinforcing the upward trajectory.The next key resistance level islocated at 2,808.20, and a breach of this level could pave the way for a move toward $2,850.00, which is seen as the next major target.

The 50-day Exponential Moving Average (EMA) continues to support the bullish wave, providing a strong technical foundation for further gains. However, traders should remain cautious, as a break below the 2,790.00 level could signal a potential reversal.For now,the expected trading range for gold is between 2,790.00 level could signal a potential reversal.For now,the expected trading range for gold is between 2,780.00 (support) and $2,820.00 (resistance).

TRADE RECOMMENDATION

BUY GOLD

ENTRY PRICE: 2790

STOP LOSS: 2750

TAKE PROFIT: 2850

Risk Warnings and Disclaimers

Add to Favorites

Daily News

Remarks of Officials

Central Bank

Forex

FastBull Events

FastBull Featured

Devin

Mohammad Omar

Recent Searches

Top Searches

Markets

News

Analysis

User

24/7

Economic Calendar

Education

Data

The market for USD/JPY is trending positively

Overview

Technical analysis

Trading Recommendations

AUD/USD drops to 5-year low

Overview

Market psychology

Technical analysis

Trading Recommendations

Market sentiment towards Bitcoin is trending negative

Overview

Market psychology

Technical analysis

Trading Recommendations

Ethereum Drop Below $3,100: Shorting Opportunity or Reversal Signal?

Overview

Market psychology

Technical analysis

Trading Recommendations

Potential Bullish Rebound from Local Support

Technical Analysis

EUR/USD Slides to Near 1.0370 as German Inflation Cools, Trump Tariff Threats Rattle Markets

Technical Analysis

Gold Soars to Record High as Trade Wars, Geopolitical Risks Fuel Safe-Haven Demand

Risk Disclosure