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Key Points
- The White House spokesperson mentioned unfair trade practices in a press briefing, citing examples such as the EU’s 50% dairy tariffs, Japan’s 700% rice tariffs, India’s 100% agricultural tariffs, and Canada’s 300% butter and cheese tariffs. As Japan was specifically mentioned, yen volatility has increased.
- Ahead of President Trump’s reciprocal tariff implementation on April 2, discussions within the ECB are strengthening around the need to hold interest rates steady in April, considering the impact of Germany’s fiscal stimulus.
This Week’s Key Economic Events
+ April 1: Reserve Bank of Australia interest rate decision, Eurozone March CPI
+ April 2: U.S. March ADP Non-Farm Employment Change
+ April 4: U.S. March Non-Farm Payrolls, U.S. March Unemployment Rate, Fed Chair Powell’s speech
USDJPY Chart Analysis
The pair has recently shown strong upward momentum, reaching the 151 level before facing resistance and retreating to the 149 level. As the current support and resistance range is quite narrow, it is crucial to observe the market for further direction.
>>If the 151 level is breached, an upward move toward the 154–155 range can be expected.
>>If it fails to break above 151, support at the 148–149 range will need to be confirmed. A further breakdown below this level could lead to a decline toward the 144–145 range.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The White House spokesperson mentioned unfair trade practices in a press briefing, citing examples such as the EU’s 50% dairy tariffs, Japan’s 700% rice tariffs, India’s 100% agricultural tariffs, and Canada’s 300% butter and cheese tariffs. As Japan was specifically mentioned, yen volatility has increased.
- Ahead of President Trump’s reciprocal tariff implementation on April 2, discussions within the ECB are strengthening around the need to hold interest rates steady in April, considering the impact of Germany’s fiscal stimulus.
This Week’s Key Economic Events
+ April 1: Reserve Bank of Australia interest rate decision, Eurozone March CPI
+ April 2: U.S. March ADP Non-Farm Employment Change
+ April 4: U.S. March Non-Farm Payrolls, U.S. March Unemployment Rate, Fed Chair Powell’s speech
USDJPY Chart Analysis
The pair has recently shown strong upward momentum, reaching the 151 level before facing resistance and retreating to the 149 level. As the current support and resistance range is quite narrow, it is crucial to observe the market for further direction.
>>If the 151 level is breached, an upward move toward the 154–155 range can be expected.
>>If it fails to break above 151, support at the 148–149 range will need to be confirmed. A further breakdown below this level could lead to a decline toward the 144–145 range.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.