
Japanese Yen Outlook: USD/JPY Holds Firm Despite Tariff Shock
With headline risk elevated and key Fed and BoJ events ahead, USD/JPY direction remains fluid, although the bias continues to lean bullish.
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With headline risk elevated and key Fed and BoJ events ahead, USD/JPY direction remains fluid, although the bias continues to lean bullish.
I suspect we’ve entered a phase where politically-driven sentiment carries more weight than domestic data for AUD/USD. And with the VIX rising alongside political uncertainty, volatility could favour bears over the coming months as we head towards the US elections.
Whether it is Biden stepping aside or Trump grabbing headlines with policy hints, it is difficult to see US politics taking a back seat next week. Fed watchers have the US PCE inflation report to look forward to, and global central bank watchers have flash PMIs. The BOC are expected to cut rates, but will they signal more next week?
Learn how to prepare your forex trading strategies in the face of market-moving geopolitical news and international economic impacts.
I think we all know what the big announcement will be (and no, it likely won’t be the release of his tax returns).
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