USDJPY Insight

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Key Points
- U.S. President Trump raised tariff uncertainty by sending tariff letters to 25 countries, but mentioned that “negotiations remain open with major trading partners like the EU,” reigniting TACO trading sentiment.
- Trump warned that if Russia does not reach a ceasefire agreement with Ukraine within 50 days, the U.S. will impose “secondary tariffs” on Russia and any countries conducting trade with it.
- BOE Governor Andrew Bailey hinted that the Bank of England could cut interest rates more aggressively if needed.

Key Economic Events This Week
+ July 15: U.S. June Consumer Price Index (CPI)
+ July 16: U.K. June CPI, U.S. June Producer Price Index (PPI)
+ July 17: Eurozone June CPI

USDJPY Chart Analysis
The pair showed a mild upward trend near the 142 level and successfully rose to the 148 level. The direction is expected to shift around the 148 resistance. If it fails to break through, a decline back to 142 is likely. However, if it breaks above 148, a further rise toward the 151 level is expected.

Disclaimer

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