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Key Points
- U.S. President Trump has officially announced that he will sign an executive order extending the reciprocal tariff suspension deadline to August 1st.
- Through a post on Truth Social, President Trump revealed that he had first sent tariff letters to allies South Korea and Japan, addressed directly to their heads of state, stating that a 25% tariff would be imposed on both countries starting August 1st.
- Hajime Takata, a member of Japan’s Monetary Policy Board, hinted at the possibility of additional rate hikes, stating: “If solid capital investment, wage increases, and the sustainability of price pass-through can be confirmed, we will need to shift gears one step at a time.”
This Week's Major Economic Events
+ July 8: Reserve Bank of Australia (RBA) Interest Rate Decision
+ July 9: Release of FOMC Meeting Minutes
+ July 10: Germany’s June Consumer Price Index (CPI)
+ July 11: UK May GDP Report
USDJPY Chart Analysis
The pair rebounded near the 142 level, showing upward momentum. This appears to reflect the impact of Trump’s announcement of high tariffs on Japan.
If negotiations proceed, the upward trend may stall. In such a scenario, a potential high around 148 is likely.
However, if the 148 level is breached, there could be an additional rally toward the 151 level.
Please feel free to share your personal opinions in the comments.
Don't forget to like and subscribe!
Key Points
- U.S. President Trump has officially announced that he will sign an executive order extending the reciprocal tariff suspension deadline to August 1st.
- Through a post on Truth Social, President Trump revealed that he had first sent tariff letters to allies South Korea and Japan, addressed directly to their heads of state, stating that a 25% tariff would be imposed on both countries starting August 1st.
- Hajime Takata, a member of Japan’s Monetary Policy Board, hinted at the possibility of additional rate hikes, stating: “If solid capital investment, wage increases, and the sustainability of price pass-through can be confirmed, we will need to shift gears one step at a time.”
This Week's Major Economic Events
+ July 8: Reserve Bank of Australia (RBA) Interest Rate Decision
+ July 9: Release of FOMC Meeting Minutes
+ July 10: Germany’s June Consumer Price Index (CPI)
+ July 11: UK May GDP Report
USDJPY Chart Analysis
The pair rebounded near the 142 level, showing upward momentum. This appears to reflect the impact of Trump’s announcement of high tariffs on Japan.
If negotiations proceed, the upward trend may stall. In such a scenario, a potential high around 148 is likely.
However, if the 148 level is breached, there could be an additional rally toward the 151 level.
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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.