Early in Tokyo, the U.S. dollar dropped to 150.07 yen after President Trump announced new car tariffs. However, due to end-of-quarter trading, the yen weakened, and the dollar rose to 151.15 yen in New York. The price could not go higher because 151.20 yen is an important technical level. Also, at 151.70 yen, there is another key technical point, so further gains may be small.
If today’s U.S. inflation report shows weaker consumer spending, the dollar could fall again against the yen.
Expected USD/JPY Price Range: 151.70 – 150.60
Note: The above information does not guarantee profits. Make your own decisions when trading.