The US/JPY dollar pair resumed its decline, as it reinforced the reading of the gross domestic product for the fourth quarter (an annual average rate of 2.8% on a quarterly basis) expectations to raise another interest rates from Japan Bank in time. The pair of the USD/JPY dollar was trading at 151.71 levels, according to foreign currency analysts at OCBC Francis Cheung and Crystone Wong.
Speed risks in the near -term downtown direction
“There were also talks about an 8% increase in wages for large Japanese banks, adding to the list that a number of Japanese companies are likely to witness another year of wage increases, which meets one of the requirements of Japan Bank to normalize policy.”
“Daily momentum is stable while the relative strength index has decreased. There is likely to have cohesion, with slight risk in the near -term direction. Support at 151.50 (Fibonacci correction 38.2% of the lowest September levels to the highest levels of January), 150 levels. Resistance at 152.70 (Daily Movement 200 DMA), 153.40 (100 DMA) and 154.30 levels.
“In another place, the tariff concerns still exist, but it seems that Japan is trying to seek exceptions regarding the mutual customs definitions proposed by Trump. Foreign Minister Takishi Iyaya also raised the issue of car definitions and sought an exception to the customs tariff by 25% on steel products Aluminum imported at the Munich Security Conference last Friday. “
2025-02-17 16:00:56