After rising due to the U.S. Consumer Price Index (CPI) results the day before, the USD/JPY eventually fell back and closed lower.
President Trump signed a tariff policy, but reports say it will take a few months to take effect. Because of this, market concerns have eased. Also, inflation remains a concern, but actual consumer spending is weak, causing interest rates to drop. U.S. long-term interest rates, which had risen the day before, also fell back, making it difficult for the dollar to rise.
If U.S. retail sales data released today shows a decline from the previous month as expected, the dollar may fall even further.
USD/JPY Expected Price Range: 153.30 – 152.40
Note: The information above does not guarantee profits. Please make your own decisions when trading.