Last week, U.S. and Japan policy meetings did not give a clear direction because of uncertainty from U.S. tariffs. However, Japan plans to raise interest rates, and the U.S. plans to lower them, so the downtrend of USD/JPY is expected to continue.
Before the U.S. Federal Reserve (FOMC) meeting, the dollar rose above 150 yen, but after the meeting showed a passive stance, the price dropped to 148.18 yen. Although the dollar recovered, it did not reach 150 yen again.
This week, important U.S. economic data (PCE Deflator) will be released. Even if the dollar rises and tests 150 yen again, it is unlikely to go higher than last week’s peak. Selling on rebounds is recommended.
Today’s USD/JPY Expected Range: 149.70 – 148.80
This Week’s USD/JPY Expected Range: 150.10 – 147.30
Note: This information does not guarantee profits. Please make your own trading decisions.