The trade war between the U.S. and China is getting more serious. As a result, investors are selling U.S. dollars, U.S. government bonds, and U.S. stocks. This shows that people are starting to lose trust in the U.S., which started the tariff war.
This week, the U.S. has paused the new tariffs for 90 days to start talks with other countries. On the 17th, Japan and the U.S. will have a meeting. They are expected to talk about Japan’s weak yen and trade surplus. The U.S. president wants quick results, so he may put pressure on Japan to make the yen stronger.
Also, many investors are moving their money from the U.S. to safer places like Switzerland or the euro area. This is another reason why the U.S. dollar is getting weaker.
Because the market is still unstable, some investors are buying yen as a safe choice. So, the price of the U.S. dollar against the yen may stay low for now.
Today’s Expected USD/JPY Price Range: 144.20 – 142.50
This Week’s Expected USD/JPY Price Range: 146.00 – 140.00
Note: This information is not a guarantee of profit. Please make your own decisions when trading.