- USD / JPI price analysis indicates increasing concerns about the state of Japan’s economy.
- Trump sent letters to some countries, including Japan and South Korea, informing them about larger tariffs.
- Some major partners, such as the European Union, cannot face larger tariffs.
Price Analysis for USD / Pump indicates increasing concerns about the state of the Japanese economy after the Trump announcement of 25% of tariffs on its goods, in force in August. That move arrived after the United States and Japan fails to reach an agreement before the reciprocal row of tariff. However, Japan seems to be willing to continue negotiations.
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On Monday, the American president sent letters to some countries, including Japan and South Korea, informing them about larger tariffs. The move arrived after the United States had failed to achieve trade agreements with these countries in the 90-day window. However, some major partners, like the European Union, cannot suffer tariffs because they believe I can arrive until agreement before Wednesday.
Meanwhile, Japan can suffer 25% of imposes at the US export starting from August. The United States and Japan gave talk talks to, unfortunately, did not give a deal. If this remains the case, the economy depending on the export capability is significant that it has significantly due to larger tariffs.
Moreover, it could increase trade tensions between the two countries. Such an outcome would affect both economies. However, there is still hope that an agreement before August, which could increase relations and revive sinking yen.
Today Events USD / JPI
Merchants do not expect any key issues from Japan or US. Therefore, it will focus on the development of trade.
Technical price Analysis USD / JPI Technical price: New Swing High Confirm Bullish Trend
On the technical side, the price of USD / JPI has reached new heights after a sharp rally that violated above the level of resilience at 145.00. The new pig happened after the bulls were taken over, pushing the price above 30ths. Now the price made higher and low, confirming the new direction. Meanwhile, RSI trades in the region with transmission, indicating a solid bike.
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However, after such a swing, the price may need to pause and breathe before it climbs more. Deep indulgence would be withdrawn 145.00 or 30ths. If the price remains above the SMA, it will be directed to the level of resilience at 148.02. The break above this level would strengthen the bikala trend.
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