When the Tokyo market opened at the beginning of the week, President Trump said the 50% tax on EU goods will be extended. Because of this, the USD/JPY went up to 143.08 yen. Later, people started selling dollars slowly, and the rate dropped to 142.29 yen, then went back up again. In the European market, it reached 143.03 yen, but it did not go higher than the level seen in Tokyo. On this day, markets in London and New York were closed, so the price did not change much.
Since Trump often changes his statements, people are losing trust in the US dollar. If the US stock market falls when it opens after the holiday, there is a chance that people will buy more yen again, which could make the yen stronger.
Expected USD/JPY Price Range: 142.30 yen – 143.10 yen
Note: This information does not guarantee profits. Please make your own decisions when trading.