The USD/JPY is caught in 2-faced trade between safe shelter demand and direct mutual tariffs between JPY. The pair were last at 149.60, OCBC’s FX analyst Frances Cheung and Christopher Wang Note.
JPY may be strong in risky business
“Bullish speed in the daily chart is reduced to RSI moderates. 2-way business is likely to sell the assembly. Death cross is formed (50 DMA downside). 149.10/20 levels (21 DMA, 50% fibbo), 148.70 and 147% FEB), September 2003, 2003, 2003, 2003, 2003, 2007.53. (100 DMA). ”
“Japan was a country united by Trump to take advantage of America.
“In an attempt to avoid harming by combination of mutual tariffs, the production adjustment or supply chain shifts are inappropriate, but it is uncertain whether it will be effective. So 2-way trades in the United States are still in interim tariff, but may not be relieved of mutual tariffs in this scenario.”
Post USD/JPY: Bias in selling assembly – OCBC first appeared in the online broker Amarket.
