Buy USD/JPY on pullbacks toward 147.00, targeting 150.00 with a stop beneath 146.50. US inflation data remains the primary driver and shows no signs of cooling, while Japan’s 10-year JGB yield is rising as the July 20 election approaches. The yield differential, combined with trade-talk uncertainty and Fed rate-hold bias, underpins further upside in USD/JPY. A well-timed dip entry near 147.00 offers an asymmetric risk/reward aligned with the prevailing trend.
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