- Outlook USD / JPI shows stronger yen at the beginning of the week.
- Battle faces high food inflation, strong salary growth and the possibility of poor yen.
- American employers added 177,000 new workers, beating the estimates of 138,000.
Outlook USD / JPI shows stronger yen at the beginning of the week, because market participants maintain hopes to further tighten the battle. Meanwhile, the dollar briefly strengthened Jen on Friday after she took the employment report.
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Jen collapsed on Thursday after the Bank of Japan kept interest rates unchanged. In addition, the Central Bank reduced its prospects for growth and inflation due to the influence of Trump tariffs. The Governor of UEDA noticed that Trump’s trade policies have created many uncertainty. Experts have taken this to know that policy makers will delay speed. As a result, the assessment on the consignment on the shipment fell.
However, the Japanese currency appeared on Friday after the impact on the faded policy meeting. Battle must face high food inflation, strong salary growth and the chances of weak yen. Therefore, hopes are still alive that policy makers will increase interest.
Meanwhile, Greenback has received a short incentive from data that display the elastic labor market. The economy added 177,000 new workers, beating the estimates of 138,000. The unemployment rate is unchanged at 4.2%. After the report, the market participants cost 35% chance of cutting down the supply rates of 58%.
However, due to Trump tariffs, analysts expect employment to get worse in the coming months.
Today Events USD / JPI
Resignive Like USD / JPI: A short withdrawal meets a solid support zone
On the technical side, the bulls found their legs above the 30th. The trend recently turned when the bears failed to cross below the support level 140.01. The price is broken above the trendline resistance and pulled back to reset. After that he made a higher high, confirming the new Usttrend.
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However, after the new high, the price returned to reset recently broken level 144.02. At the same time, it is traded nearer 30th, which is another level of support. However, the price is above SMA, and the RSI is just over 50 years, suggesting Bikovska bias.
Therefore, the bulls could return to this support zone to seek new Highs. The Cowone higher will be aimed at resilience at 148.01. The trend will only change when the price breaks down and stay below SMA.
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