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Key Points
- Japanese Prime Minister Shigeru Ishiba revealed after a phone call with President Trump that “Japan has been the largest investor in the U.S. for five consecutive years,” and expressed concern that tariff policies could undermine the investment capacity of Japanese companies. Japan and the U.S. plan to appoint ministers in charge of the tariff issue soon.
- The European Commission is set to hold a vote among its 27 member states on the 9th regarding retaliatory tariffs against U.S. steel duties. The level of retaliation is expected to be lower than previously announced, considering the possibility of negotiations with the U.S.
- U.S. President Donald Trump recently warned China that if it does not withdraw its 34% retaliatory tariffs, he will impose an additional 50% tariff on Chinese goods.
This Week’s Key Economic Events
+ April 10: FOMC Minutes, U.S. March Consumer Price Index (CPI)
+ April 11: U.K. February GDP, Germany March CPI, U.S. March Producer Price Index (PPI)
USDJPY Chart Analysis
As predicted last week, the pair failed to break through the resistance at the 151 level and dropped to the 144–145 range. It is currently consolidating around the 147 level, with resistance near 148, suggesting a stronger likelihood of a further decline. If the decline continues, the 142–143 range is likely to act as the next support. However, if the price breaks above the 148 level, a rebound toward the 151 level is expected. A break above 151 could potentially lead to a rally toward the 154–155 range.
Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- Japanese Prime Minister Shigeru Ishiba revealed after a phone call with President Trump that “Japan has been the largest investor in the U.S. for five consecutive years,” and expressed concern that tariff policies could undermine the investment capacity of Japanese companies. Japan and the U.S. plan to appoint ministers in charge of the tariff issue soon.
- The European Commission is set to hold a vote among its 27 member states on the 9th regarding retaliatory tariffs against U.S. steel duties. The level of retaliation is expected to be lower than previously announced, considering the possibility of negotiations with the U.S.
- U.S. President Donald Trump recently warned China that if it does not withdraw its 34% retaliatory tariffs, he will impose an additional 50% tariff on Chinese goods.
This Week’s Key Economic Events
+ April 10: FOMC Minutes, U.S. March Consumer Price Index (CPI)
+ April 11: U.K. February GDP, Germany March CPI, U.S. March Producer Price Index (PPI)
USDJPY Chart Analysis
As predicted last week, the pair failed to break through the resistance at the 151 level and dropped to the 144–145 range. It is currently consolidating around the 147 level, with resistance near 148, suggesting a stronger likelihood of a further decline. If the decline continues, the 142–143 range is likely to act as the next support. However, if the price breaks above the 148 level, a rebound toward the 151 level is expected. A break above 151 could potentially lead to a rally toward the 154–155 range.
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.
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.