USDJPY Stable Near 150.000 Amid New Trump’s Tariffs
- Yen trades near 150.000 after Trump’s tariff move
- Trump confirmed 25% auto tariffs, raising market fears
- Japan’s economic growth exceeded expectations
- Investors await BOJ report, Tokyo inflation, US PCE data due Friday
The Japanese yen trades near 150 per dollar on Thursday.
This followed Donald Trump's announcement of a 25% tariff on auto imports, with further reciprocal tariffs to be potentially implemented next month.
The news sparked market volatility as investors feared economic retaliation.
Meanwhile, Bank of Japan Governor Kazuo Ueda reiterated that…
Interest rate hikes will continue if economic conditions remain strong.
He highlighted Japan's better-than-expected growth, driven by rising wages and consumer spending.
Traders are now looking ahead to Friday's BOJ Summary of Opinions, Tokyo inflation data for further policy clues and US PCE reading which may affect the dollar side of the equation.
USDJPY potential trading range (source: Bloomberg)
The potential (73.3% probability) USDJPY 7-day trading range lies within the 148.19-152.34.
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Disclaimer: This material should not be viewed as financial advice. The content provided, including views and opinions, is for information purposes only.
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