Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
12 February 2025,02:20
Trade Of The Day
Tags:
12 February 2025, 02:20
* Yen Meltdown: The Japanese yen has depreciated against the dollar, pulling back from a two-month high due to weak economic data from Japan and growing concerns over potential U.S. tariffs. The Ministry of Finance reported that Japan’s Current Account balance fell sharply to 1,077.3 billion yen, down from November’s 3,352.5 billion yen. In addition, speculation that Japan could be targeted by U.S. trade tariffs added further pressure on the yen. Speaking aboard Air Force One on Sunday, President Trump announced plans for a 25% tariff on all steel and aluminum imports but did not specify which countries would be affected. He also indicated that additional reciprocal tariffs, aligning with each country’s existing rates, would be revealed midweek and quickly enforced, according to Reuters.
* Technical Breakout: USDJPY was traded higher while currently testing near the resistance level 153.650. MACD which illustrate bullish bias signal suggest the pair to likely extend its gains after it breaks above the level.
* Resistance and Support: If the bullish momentum persists, there’s a strong likelihood that the price will potentially head towards the level 155.550 after it breach above the level 153.650. Conversely, a potential reversal is also to be expected and the price could head back towards 151.750.
Looking ahead, traders will turn their attention to key U.S. inflation indicators, including CPI, PPI, and Retail Sales. Additionally, the market will keep a close watch on Trump’s policy agenda and its potential effects on the global economy.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Stay updated on US and Japan data, global market updates, central bank updates and any shifts in the US Dollar’s strength by following PU Xtrader’s financial news page.
Register For PU Xtrader Challenge And Start Prop Trading
Take Challenge
Trade with simulated capital and earn real profits after you pass our trader assessment.
28 February 2025, 02:09 Euro Declines Under Tariff Pressure
27 February 2025, 02:33 Gold Declines as Geopolitical Tension Fears Ease
25 February 2025, 02:09 Crude Oil Fell on U.S. Economic Worries and Trump Tariffs
Disclaimer: This website exclusively provides proprietary trading services. We do not engage in any regulated activities, offer investment management services, or manage funds on behalf of external clients. Our trading activities are conducted solely with the firm's own capital, and we do not accept client deposits or manage client accounts. It's important to note that none of the services we provide should be construed as investment or financial services in accordance with applicable laws.
This website offers services related to professional skill and experience assessment, which determine your eligibility to trade with the firm's capital. The outcome of these services is inherently determined by your individual skill level and ability to perform within the trading requirements and objectives outlined for each service separately. Clients are strongly advised to thoroughly understand the requirements of the services before signing up for any.
The content provided on this website is for informational purposes only and does not constitute financial, investment, or trading advice. The information presented is based on sources believed to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. We disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided on this website.
This website is not directed to residents of certain jurisdictions such as the United States, Singapore, Australia, China and some other specified regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.
This website is owned by Finzero Cap Ltd, a company incorporated in the Republic of Cyprus under registration number HE414308, with its registered office at 62 Athalassas, Mezzanine, Strovolos 2012, Nicosia, Cyprus. Finzero Cap Ltd serves as the authorized representative for PU Prime Ltd.
