The USD/JPY continued to quote upwards, in line with our short -term warning about the uncertainty of reciprocal tariffs. The USD/JPY was last seen at levels of 153.45, the FX analysts of UOB Group, to be Leang and Peter Chia point out.
Probable rebound risks in the short term
“The bassist impulse in the daily chart remains intact but shows signs of fading while the RSI is rising from conditions close to the overal at levels of 152.70/80 (DMAS of 100 and 200), 151.50 (fibonacci setback of 38.2% of the minimum of September to the maximum of January), levels of 150. ”
“As a reminder, Trump mentioned that a reciprocal tariff will be applied to all nations, and we believe that Japan will not be saved. As for cars, Japanese cars are among the most popular 5 in the US and Korean cars are In the list of the most popular 10.
“Risk is a direct impact of tariffs on Japanese products and JPY could be under pressure on this scenario.”
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.
