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- USD/JPY is trading about 148.00, an increase of approximately 2 %, as the American tariff truce is delicious risk.
- The United States and China have agreed to reduce a 90 -day tariff, as the United States reduces its duties to 30 % and China to 10 %, which supports the US dollar.
- The main support levels are 146.45, 146.29 and 145.69, while the resistance is located in 149.56, 149.62 and 150.37.
The USD/JPY pair is traded near 148.00, an increase of about 2 % a day, as morale dominates global markets after a major penetration in the trade relations between the United States and China. During the weekend, the economic giants agreed to reduce a 90 -day tariff, as the United States reduced its tariff on Chinese imports to 30 % (from 145 %) and China reduces its duties to 10 % (from 125 %). This temporary escalation raised a rally in risky assets, weighing safe traditional currencies such as the Japanese yen.
the US dollar In response to the commercial truce, with the support of a sharp rise in American bond yields. The return of the US Treasury increased for 10 years to 4.45 %, which reflects the decrease in the short term in the short term Federal Reserve Price discounts. Meanwhile, the US dollar index (DXY) gained more than 1.25 % to 101.74, its highest level in one month, which presses the yen. The Federal Reserve Governor Adriana Kogler indicated that although reducing customs tariffs is a positive development, the long -term impact on global supply chains is still uncertain, which complicates the Federal Reserve’s evaluation of the basic power of the American economy.
On the Japanese side, modern data shows that the surplus current account in March in Japan came at 2.723 June, overcoming 2.465 trillion June. However, Japanese investors were clear sellers of foreign bonds in March, reducing exposure to external assets among volatile global markets. This trend highlights cautious feelings among Japanese institutional investors despite positive commercial developments.
Technical analysis
USD/JPY is a bullish signal, where it is traded about 148.00 with about 2 % gains today, near the top of the daily term (145.69 – 148.65). The RSI is located in the 1960s, indicating neutral conditions, while the medium medium rapprochement spacing signals (MACD) buy momentum. More emphasis on the neutral momentum, the power of the bull bear is circulating around 5, and the wonderful oscillator also indicates neutral conditions, and the utimate oscillator (7, 14, 28) is in the 1960s.
The simple moving average for 20 days (SMA) supports the purchase signal, while SMAS for 100 days and 200 days indicates sale, which reflects in the long -term mixed term Expectations. Each of the SIA moving average for 10 days (EMA) and SMA for 10 days hovering in the 140s, align with the total bullish feelings.
The main support levels were found about 146.45, 146.29 and 145.69, while the resistance is located about 149.56, 149.62 and 150.37. A break above 149.60 can indicate a larger direction, while the decrease of less than 146.30 may open the door to deeper correction.
Daily chart
