The USD/JPY rose this morning, following the increase in USD due to tariff concerns. The USD/JPY was last seen at levels of 152.04, ECCBC FX analysts, Frances Cheung and Christopher Wong point out.
Bouncing risks probably at the interim
“Trump announced a plan to impose a 25% tariff on all imports of steel and aluminum and mentioned the introduction of reciprocal tariffs on all nations. This may imply that Japan could be involved. As for cars, Japanese cars are Among the 5 most popular in the US and Korean cars are on the list of 10 best sellers.
“The risk is a direct impact of tariffs on Japanese goods and the JPY could be under pressure on this scenario. The bassist impulse in the daily graph remains intact while the RSI is turning upwards from conditions close to the overalls. Probably bouncing in the interim. “
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.
