- summary:
- USDJPY in the war mark between the dumping tones about the American economic recession and the impact of commercial tariffs on Japan’s flows in dollars.
Usdjpy returned to the upward trend on Wednesday, gained 0.1 % for trade at 149.95 at the time of writing this report. The US dollar has been affected by the yen, as the Japanese government negotiates with the United States government on a possible escape from the mutual tariff in the United States. However, the USDJPY pair has decreased by 0.6 % in the last five sessions with attention to the potential stagnation of the United States.
Japan is likely to be among the most influential economies, as “Tahrir’s Day” measures are likely to clarify specific measures against car imports. It can be translated into decreased dollar flows to Japan, adding payment down to USDJPY.
PMI will disappear Japanese Services Services later on Wednesday, and the new momentum will be pumped to the husband. However, the US dollar is likely to remain in the upscale direction in the separation period, after changing the unanimous ADP employment by printing at a price of 155 thousand, which exceeds an average of 118 thousand.
Meanwhile, it is expected to a large extent that the Bank of Japan (BOJ) will cut interest rates in May, and this feeling will stabilize the yen. Japanese employers raised wages last month, helping BOJ to build a strong issue to raise interest rates. Non -farm salary numbers (NFP) in the United States will be on Friday and will provide evidence of the performance of the American economy under the narrow tariff environment, which affects the USDJPY pair.
Usdjpy prediction
Usdjpy pair in 149.53 and momentum prefers to be in control. The upper momentum is likely to fulfill the first barrier at 150.35, but the expanded control by buyers will break down this level and test 150.35.
On the other hand, the fracture of less than 149.53 will turn the momentum into the negative side. With sellers control, the first support is likely to be 149.21. The bullish direction would be invalid if the price is less than this level. This can extend to the second support at 148.84 if the landfill strengthens.
