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Key Points - The Green Party has expressed opposition to easing the "debt limit" provision, which is being pursued by the Christian Democratic Union (CDU) and Christian Social Union (CSU) coalition along with the Social Democratic Party (SPD), following their victory in the German federal election. - President Trump, in an interview with Fox News, was asked whether he expects a recession. While he stated that he does not anticipate a recession, he acknowledged that there could be a transitional period due to the imposition of tariffs, suggesting that he is not ruling out the possibility of an economic downturn. - Japan's Q4 GDP grew by 0.6%, falling short of the market expectation of 0.7%, while household spending also saw a significant decline.
Key Economic Events This Week + March 12: U.S. February CPI, Bank of Canada interest rate decision + March 13: U.S. February PPI + March 14: Germany February CPI
USDJPY Chart Analysis After breaking out of the upward trend, USDJPY has formed a short-term downtrend and appears to be extending its decline. If the trend continues, the price could drop significantly toward the 144 level. However, if a rebound succeeds at the current level, there is a high likelihood of a rise toward the 150 level.
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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.