USDJPY Insight

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Key Points

- U.S. President Trump stated that if China does not negotiate, "the United States will make the decision and set the tariff rates," while White House spokeswoman Karoline Leavitt said, "Negotiations with China are going very well."
- Regarding Federal Reserve Chair Jerome Powell, President Trump said, "I have no intention of firing him, but I hope Chairman Powell will be more proactive about the idea of a rate cut."
- The Russian side explained that when the President mentioned the possibility of bilateral talks to ban attacks on civilian targets, it was with negotiations and discussions with Ukraine in mind.

This Week’s Key Economic Events
+ April 23: U.S. April Manufacturing PMI, U.S. April Services PMI

USDJPY Chart Analysis
Contrary to expectations, the pair showed a downward movement and formed a bottom around the 140 level. A rebound is occurring in this zone, suggesting the potential for a short-term rise. The 144 level is a likely target for the next peak. However, if the 140 level is broken downward, there is a possibility of a decline toward the 135–136 range.

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