USDJPY Insight
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Key Points
-The U.S. government has decided to delay the imposition of tariffs for one month through the deployment of border patrols with Mexico. Tariffs on Canada have also been postponed for a month.
- The President of Mexico announced on X (formerly Twitter) that a series of agreements had been reached during a call with U.S. President Trump. Trump also posted on Truth Social confirming the one-month postponement.
- President Trump stated that he would engage in talks with China within 24 hours, mentioning the Panama Canal and hinting at using tariffs as a negotiation tool.
- The summary of the Bank of Japan’s monetary policy meeting minutes indicated a hawkish stance on interest rates. Due to uncertainties like Trump’s tariff threats, the yen is gaining traction as a safe-haven asset, leading to increased demand.
- Tariff threats from Trump towards the EU have decreased demand for the euro, while the UK has seen an increase in demand following Trump's remarks suggesting room for negotiation.
Major Economic Events This Week
+ February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change
+ February 6: Bank of England Interest Rate Decision
+ February 7: U.S. January Nonfarm Payrolls, Unemployment Rate
USD/JPY Chart Analysis
After facing resistance at the 159 level, the pair has been on a gradual downtrend. Currently, it is consistently finding support at the 154 level. While it’s difficult to conclude that the previous uptrend has been fully broken, the confidence in a bullish outlook has significantly weakened compared to before.
This week, we will determine the direction based on the 154 and 156 levels. A drop below 154 will indicate a bearish trend, while a breakout above 156 will suggest a bullish trend.
Please share your personal opinions in the comments. Don’t forget to hit the booster and subscribe!
Key Points
-The U.S. government has decided to delay the imposition of tariffs for one month through the deployment of border patrols with Mexico. Tariffs on Canada have also been postponed for a month.
- The President of Mexico announced on X (formerly Twitter) that a series of agreements had been reached during a call with U.S. President Trump. Trump also posted on Truth Social confirming the one-month postponement.
- President Trump stated that he would engage in talks with China within 24 hours, mentioning the Panama Canal and hinting at using tariffs as a negotiation tool.
- The summary of the Bank of Japan’s monetary policy meeting minutes indicated a hawkish stance on interest rates. Due to uncertainties like Trump’s tariff threats, the yen is gaining traction as a safe-haven asset, leading to increased demand.
- Tariff threats from Trump towards the EU have decreased demand for the euro, while the UK has seen an increase in demand following Trump's remarks suggesting room for negotiation.
Major Economic Events This Week
+ February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change
+ February 6: Bank of England Interest Rate Decision
+ February 7: U.S. January Nonfarm Payrolls, Unemployment Rate
USD/JPY Chart Analysis
After facing resistance at the 159 level, the pair has been on a gradual downtrend. Currently, it is consistently finding support at the 154 level. While it’s difficult to conclude that the previous uptrend has been fully broken, the confidence in a bullish outlook has significantly weakened compared to before.
This week, we will determine the direction based on the 154 and 156 levels. A drop below 154 will indicate a bearish trend, while a breakout above 156 will suggest a bullish trend.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.