At yesterday’s Bank of Japan meeting, they showed no strong plan to raise interest rates, so the yen became weaker. At this morning’s Federal Reserve meeting, they said they still plan to lower interest rates twice this year, but they are being very careful and not rushing to cut rates. Because of this, the US dollar became stronger.
As a result, the USD/JPY stayed strong overall. But there is still risk and uncertainty because of the Middle East situation and problems with trade tariffs. These risks make it hard for central banks to change their policies. So, the Bank of Japan and the Federal Reserve are likely to keep their current plans for now.
Until these risks become clear, it is difficult to know which way the USD/JPY will move. For now, the price is expected to stay between 146 yen and 143 yen.
Expected USD/JPY Price Range: 144.30 – 145.6
Note: This information does not guarantee any profit. Please make your own decisions when trading.