The Japanese yen strengthened to approximately 140.5 per dollar on Tuesday, marking its strongest level in seven months, as investors sought safe-haven assets amid heightened global trade tensions and concerns over U.S. economic stability. Market sentiment declined following stalled trade talks, with China resisting President Trump's tariff demands. Confidence further eroded after Trump renewed calls to remove Fed Chair Powell over delayed rate cuts. Attention now turns to the upcoming Bank of Japan meeting, where rates are likely to remain at 0.5%, though the central bank may lower its growth forecast due to mounting external pressures.
Key resistance is at 142.00, with further levels at 144.00 and 145.90. Support stands at 139.70, followed by 137.00 and 135.00.
Key resistance is at 142.00, with further levels at 144.00 and 145.90. Support stands at 139.70, followed by 137.00 and 135.00.
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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.