The USD/JPY fell sharply since the reciprocal delay of tariffs led to a change in the returns of the UST. The torque was last seen at levels of 152.60, the FX analysts of OCBC Frances Cheung and Christopher Wong point out.
Probable consolidation in the short term
“The USD/JPY fell, for the last time at levels of 152.60. The daily impulse is flat while the RSI fell. Probable consolidation in the short term. Support at levels of 152.50/80 (100, 200 dmas), 151.50 (setback of Fibonacci of 38.2% of September minimum to the maximum of January), levels of 150. Resistance at levels of 154.30, 155.30 (50 DMA). ”
“We believe that Japan may not be exempt. As for cars, Japanese cars are among the 5 most popular in the US and Korean cars are on the list of the most popular 10. In agricultural products, Japan has a high Tariff rate of 204.3% for rice and 23.3% for meat. ”
“Risk is a direct tariff impact on Japanese products and JPY could be under pressure on this scenario. In fact, yesterday Trump ordered his administration to consider the imposition of reciprocal tariff As nations that, according to him, are taking advantage of the US “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
