Yen Holds Losses Amid US Tariffs, BOJ Policy Speculation
The yen held around 152 per dollar on Tuesday after a previous decline, pressured by the dollar's strength following new US tariffs. Trump’s 25% steel and aluminum tariff, imposed without exceptions, raised fears of an inflation-driven trade war, potentially limiting Fed rate cuts. The yen gained over 2% last week on expectations of more BOJ hikes. BOJ board member Naoki Tamura signaled a policy rate increase to at least 1% in fiscal 2025, while strong wage and household spending data reinforced the hawkish outlook.
The key resistance level appears to be 153.85, with a break above it potentially targeting 154.90 and 156.00. On the downside, 151.90 is the first major support, followed by 151.25 and 149.20 if the price moves lower.
The key resistance level appears to be 153.85, with a break above it potentially targeting 154.90 and 156.00. On the downside, 151.90 is the first major support, followed by 151.25 and 149.20 if the price moves lower.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.