The U.S. dollar rose after President Trump placed tariffs on Canada and Mexico. Many expected some adjustments or delays, so this was a surprise. However, future negotiations may still change the situation.
On the trade side, there is pressure for a weaker dollar, while on the financial side, there is pressure for lower interest rates. Because of this, the dollar may not go up much from here.
With U.S. and Japanese financial policies now decided, the market is waiting for new economic reports. This week, important reports like U.S. employment data and the ISM manufacturing index will be released.
If the U.S. employment data is weak, people may expect the Federal Reserve to lower interest rates soon. This would increase the chance of the dollar falling.
USD/JPY Expected Range for Today: 155.50 – 154.50
USD/JPY Expected Range for This Week: 156.50 – 153.00
Note: The information above does not guarantee profits. Please make your own decisions when trading.