Because Iran and Israel agreed to a ceasefire, the earlier strong buying of the U.S. dollar as a safe option is mostly over. This week, the June employment report will be released, and it is expected to be worse than last month. If this happens, people may expect the U.S. to raise interest rates more.
At the same time, President Trump continues to pressure Fed Chair Powell to lower interest rates. Because of this, the dollar is expected to have trouble rising.
With the July 9 deadline for mutual tariffs coming soon, if trade talks get difficult, the yen may get stronger and the dollar weaker.
Although the risk-on mood may make the yen weaker, the dollar will also likely weaken. The dollar remains the main focus, and the USD/JPY price is expected to have trouble going higher.
USD/JPY Price Range Forecast for Today:From 144.00 yen to 145.00 yen
USD/JPY Price Range Forecast for This Week: From 142.00 yen to 145.80 yen (76.4% retracement)
Note: This information does not guarantee profit. Please make your own decisions when trading.