When the Tokyo market opened, U.S. Treasury Secretary Bessent said that trade talks with China would begin in Switzerland on the 10th. This news made the U.S. dollar stronger, and the dollar-yen rate rose from 142.40 to 143.30 yen.
After that, the price moved sideways as people waited for the FOMC meeting.
At the meeting, they said there were more risks of rising unemployment and inflation, and that the future was uncertain. This made people sell the dollar.
But later, Chairman Powell said he would be careful about lowering interest rates, and that political comments (like from President Trump) would not affect decisions. So the dollar-yen rose again, up to around 144 yen.
The U.S. central bank said it would wait and see how tariffs affect the economy before lowering interest rates. This helped reduce pressure on the dollar.
On the other hand, President Trump said he would not reduce tariffs in the trade talks with China. This uncertainty may make it hard for the dollar to rise more.
In the end, the dollar did not break below the downward trend line, so the slow downward trend is still continuing.
USD/JPY Forecast Range: 143.00 – 144.50
Note: The above is not a guarantee of profit. Please make your own decisions when trading.