Usdjpy re -testing its lowest level for six months as China discusses American definitions

summary:
• Usdjby must remain in the landmark where merchants in dollars look as a high -risk currency amid talking about the recession of the United States, which is looming on the horizon.

The US dollar slipped to more Japanese yen on Friday with the escalation of global trade tariff wars. Usdjby decreased by 0.48 % and the right track to record four consecutive daily losses for the first time since August 2024. Also, the husband reached its lowest level for six months from 144.54 at the time of writing this report, confirming the huge series of series.

The American President added fuel to the war of commercial tariffs by expanding the list of countries targeted by mutual definitions and raising commercial barriers against some of its largest commercial partners, including the European Union, China, India and Japan. Moreover, Trump’s measures are tightened in some less developed countries in the world, leaving anyone safely.

China has averaged by the 54 % tariff rate imposed by the United States after an additional 34 % announced by Trump on Wednesday. The second largest economy in the world imposed a 34 % tariff on imports of all American products starting from April 10. China has added 11 American companies in the list of “unreliable entities”, which effectively prevents it from doing business in the country.

Usdjby is likely to remain in the declining direction as traders are increasingly viewing the dollar as a high -risk currency amid talking about the recession of the United States, which is looming on the horizon. The DXY index, which weighs the US dollar against six of the six -monthly currencies, was approximately six months at the time of writing this report, confirming the decline. However, the Japanese yen is among the most plans of Trump’s tariff that targeted the auto industry.

USDJPY expectations

Usdjby axes in 146.00 and resisting this level prefer sellers to stay in control. The trading pair is likely to find his initial support at 145.00. However, strong momentum is stronger and will be broken to less than that mark and finds the following support in 144.00.

On the contrary, the transition above 146.00 will turn the momentum into the upper direction, as the first barrier is likely to be at 146.74. The negative side list will be invalid if the price is violated, and the resulting momentum can send the price up to the 147.57 test.