The USD/JPY (US Dollar to Japanese Yen) went up from 144 to the 148 range after President Trump said he would stop raising tariffs for 90 days. But then it started to go down again. The US raised tariffs on Chinese goods to 145%, and China raised tariffs on US goods to 84%. This made the trade fight worse. The New York stock market had its biggest rise before, but now it has fallen more than 1,000 dollars again. The feeling of safety only lasted one day, so people started to lose trust in the market.
Because of this, people are buying Japanese yen as a safer choice. At the same time, trust in the US is going down, and some people are selling US government bonds. Stock prices, bonds, and the US dollar are all going down together. This may cause the USD/JPY to fall even more.
Expected USD/JPY Range: 145.50 – 143.50
Note: This information does not promise profits. Please make your own decisions when trading.