USD/JPY Analysis by zForex Research Team
Yen Falls Below 155 as U.S. Tariff Suspension Eases Safe-Haven Demand
The Japanese yen fell below 155 per dollar on Tuesday as the suspension of U.S. tariffs on Mexico and Canada reduced safe-haven demand. On Monday, Trump agreed to pause the tariffs for a month after talks with both nations. Optimism is also rising over a possible U.S.-China deal to prevent the 10% tariffs set for today. In Japan, investors await Wednesday’s wage data, which could impact the BOJ’s policy outlook. The central bank raised rates in January and signaled readiness for further hikes if economic conditions support it.
The key resistance level appears to be 155.90, with a break above it potentially targeting 158.70 and 160.00. On the downside, 153.80 is the first major support, followed by 151.90 and 149.20 if the price moves lower.
The Japanese yen fell below 155 per dollar on Tuesday as the suspension of U.S. tariffs on Mexico and Canada reduced safe-haven demand. On Monday, Trump agreed to pause the tariffs for a month after talks with both nations. Optimism is also rising over a possible U.S.-China deal to prevent the 10% tariffs set for today. In Japan, investors await Wednesday’s wage data, which could impact the BOJ’s policy outlook. The central bank raised rates in January and signaled readiness for further hikes if economic conditions support it.
The key resistance level appears to be 155.90, with a break above it potentially targeting 158.70 and 160.00. On the downside, 153.80 is the first major support, followed by 151.90 and 149.20 if the price moves lower.
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إخلاء المسؤولية
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