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Key Points
- Japanese local media, including Kyodo News, reported that the U.S. and Japan are likely to hold the 5th round of high-level tariff negotiations later this week in the U.S.
- The Eurozone’s preliminary Consumer Price Index (CPI) for May rose by 1.9% YoY, slightly below the market forecast of 2.0%. The ECB is expected to cut interest rates this Thursday, and further stimulus measures are anticipated through the end of the year.
- Caroline Leavitt, White House Press Secretary, stated that “dialogue between the U.S. and China will take place soon,” reaffirming that communication between President Trump and President Xi Jinping remains valid and active.
- The U.S. job openings in April stood at 7.39 million, exceeding the market expectation of 7.10 million, suggesting continued strength in the U.S. labor market.
This Week’s Major Economic Events
+ June 4: Bank of Canada Interest Rate Decision
+ June 5: ECB Interest Rate Decision
+ June 6: U.S. Nonfarm Payrolls for May, U.S. May Unemployment Rate
USDJPY Chart Analysis
The pair has recently shown significant movement around the 144 level. The downtrend has been completely broken, and in the short term, USDJPY is expected to fluctuate within the 140–149 range. Due to resistance at higher levels, there's a strong chance the price could fall back to the 140 support zone. However, if the pair turns upward, a rise toward the 149 level is also likely.
Please share your personal opinions in the comments. Don't forget to hit the booster and subscribe!
Key Points
- Japanese local media, including Kyodo News, reported that the U.S. and Japan are likely to hold the 5th round of high-level tariff negotiations later this week in the U.S.
- The Eurozone’s preliminary Consumer Price Index (CPI) for May rose by 1.9% YoY, slightly below the market forecast of 2.0%. The ECB is expected to cut interest rates this Thursday, and further stimulus measures are anticipated through the end of the year.
- Caroline Leavitt, White House Press Secretary, stated that “dialogue between the U.S. and China will take place soon,” reaffirming that communication between President Trump and President Xi Jinping remains valid and active.
- The U.S. job openings in April stood at 7.39 million, exceeding the market expectation of 7.10 million, suggesting continued strength in the U.S. labor market.
This Week’s Major Economic Events
+ June 4: Bank of Canada Interest Rate Decision
+ June 5: ECB Interest Rate Decision
+ June 6: U.S. Nonfarm Payrolls for May, U.S. May Unemployment Rate
USDJPY Chart Analysis
The pair has recently shown significant movement around the 144 level. The downtrend has been completely broken, and in the short term, USDJPY is expected to fluctuate within the 140–149 range. Due to resistance at higher levels, there's a strong chance the price could fall back to the 140 support zone. However, if the pair turns upward, a rise toward the 149 level is also likely.
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.