- USD / JPI forecast indicates a short relief for Jen after a steep drop.
- Jen weakened significantly after Trump’s announcement of 25% of tariffs on Japanese goods.
- The market participants are waiting for the release of the FOMC meeting minutes.
The USD / JPI forecast indicates a short relief for yen after a steep decline due to tariff concern. However, the prospects for the Japanese economy darkened after the Trump threat of 25% of the reciprocal tariff.
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This week, this week weakened significantly after Trump’s announcement of 25% of tariffs on Japanese goods, in force since August. That move came after trading talks between the United States and Japan failed. Participants in the market are concerned that this could be the beginning of a trade war between two partners. Such an outcome would injure economies and weaken its currencies.
However, at this point the dollar gathers to the look of higher imports of costs. This could translate to a larger inflation, forcing the fake to keep interest rates high.
In addition, Trump threatened 50% of the tariff on the import of copper to lighten tensions with many countries again. In a short time, tariffs could be a bicovna for a dollar. However, in the long run, they could diminish the prospects for the American economy and injure their currency.
Otherwise, market participants are waiting for the release of minutes from the FOMC meeting. The report may contain clues on the moves of future politics. However, with tariff uncertainty, Outlook could become less clear.
Today Events USD / JPI
Rational Forecast USD / JPI Technical forecast: Rally Breatha Breath 147.01
On the technical page, the USD / JPI price finally paused its steep set near the key level 147.01. However, bicaries for bikare remains strong, with a price significantly above the 30th and RSI near the region to transfer the transmission.
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After such a strong move, the bulls paused for breath at this level. Therefore, the price could consolidate as it is caught. At the same time, it could be retired to re-set the SMA as support. Billish bias will stay as long as it remains above SMA.
After a break, the bulls could regain the momentum to break the level 147.01 for the new high. Such a move would allow USD / JPI to reset resistance to 148.02. The break above would solidify the bias of the bakery.
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