At the beginning of the week, the USD/JPY (U.S. Dollar to Japanese Yen) fell to 144.82 yen in the Tokyo market because of concerns about tariffs. However, it stopped falling near the previous low of 144.55 yen. Later, the price went back up after the EU showed a friendly stance toward the U.S., and there was news that President Trump might stop tariffs on all countries except China for 90 days. This news reduced market worries.
Even though the news was later denied, people still hoped Trump might make some kind of deal or pause tariffs. Because of this, the U.S. stock market (Dow) recovered some losses, and the USD/JPY rose above 148 yen by the market close.
The stock market is still unstable, and the U.S. central bank (the Fed) may lower interest rates to support the market. For now, there is some buying of the dollar, but with risk of more drops in stocks, the dollar may weaken again, and the yen may get stronger.
USD/JPY expected price range: 148.80 – 146.80 yen
Note: This information is not a guarantee of profit. Make your own decisions when trading.