- The USD / JPI price analysis indicates optimism after the report on the Trade Agreement between the United States and Japan.
- Japan will invest $ 550 billion in the US.
- Japanese Prime Minister Shiger Ishiba can leave resignation next month.
Price / JPI / JPI analysis indicates optimism after the Trading Agreement between the US and Japan, which increased the yen. However, the currency has given up on some of its winnings after the report that Prime Minister Japan plans to deviate next month.
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Jen rose after Trump announced a trade with Japan that sets his reciprocal tariff at 15%. At the same time, Japan will invest $ 550 billion in the United States. News There have been the most surprise, such as conversations between Japan and the US have been ongoing for some time.
Initially, market participants were worried after Trump threatened 25% of the tariffs in Japan. The worry grew after moving the political landscape in the country. The ruling party lost its majority in the upper house, causing political insecurity.
However, after the news, there was pressure down, that Japan Prime Minister Shiger Ishihia would leave the resignation next month. Elections on Sunday have put a leader in a difficult position after he lost the majority in the upper house. His resignation would create several uncertainty about the next leader.
Today Events USD / JPI
Neither the United States nor Japan will publish key reports today. Therefore, merchants will continue to digest the US-Japan trading job.
Technical price Analysis USD / JPI Technical price: Berseih Bias strengthens new lowest letters
On the technical page, the USD / JPI price dropped extra below 30th, confirming a recent turnaround. The price is well below the SMA, which shows bears have a strong lead. At the same time, RSI is under 50, supporting a solid bear moment.
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The bears retained lead because the price broke under SMA and the support level of 148.02. At the same time, the price made lower and low, a sign that a new trend is developing. The next goal of the bear is at the support level 146.01. The break below this level will strengthen the bear bias.
Moreover, it will allow USD / JPI to reset the support level of 144.00. However, the decline may briefly pause at the level of support 146.01, allowing it to compensate. Bear bias will remain intact until the price remains below SMA.
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