After the Japan–U.S. agreement on tariffs, some people thought the Bank of Japan might raise interest rates. Because of this, the USD/JPY went down to 145.86 in the Tokyo market.
However, as trade talks with other countries also showed progress, stock markets around the world went up. Investors started to feel safer and bought more dollars and sold yen (risk-on mood). As a result, the USD/JPY rose to 147.00 in the New York market.
At the same time, President Trump continued to pressure the U.S. central bank (Federal Reserve). This made some people trust the dollar less. Also, worries about a growing budget deficit (spending more than income) remain, so there is still some risk.
Right now, it is hard to know which way the USD/JPY will move. In the short term, the yen may become weaker because people feel safer, and the USD/JPY is likely to stay strong. But please be careful, because the price could still go down.
Expected USD/JPY range: 146.30 – 147.50 yen
Note: This information does not guarantee profits. Please make your own decisions when trading.