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BofA: Staying long USD/JPY as election and tariff risks weigh on yen
- Bank of American on the Japanese yen
USD/JPY touches 147.50 and a two-week high
- Steady buying in USD/JPY this month
USD/JPY is back above 147.00
- Yen weakness accelerated today on the tariff news, and it hasn't recovered
ICYMI - Japan’s GPIF raised its holdings of US Treasuries to the highest level in a decade
- Government Pension Investment Fund
USDJPY finds support at key moving average; eyes resistance at 38.2% retracement
- Buyers remain in control, but there is work to do.
USDJPY Technical Analysis – The JPY needs positive news on the trade front
- The USDJPY pair remains skewed to the upside as lack of progress on US-Japan trade deal continues to weigh on the yen. What’s next?
Japan June PPI +2.9% y/y (expected +2.9%) and -0.2% m/m (expected -0.2%)
- Corporate Goods Price Index
UBS adjusts USD/JPY outlook amid policy and trade shifts, Q3 forecast to 140 from 135
- U.S.-Japan trade deal to reinforce BoJ dovishness
USDJPY moves lower and back toward swing area support
- The price backs off from a higher swing area between 147.01 to 147.34.
Ex-BoJ official: BoJ is likely to delay rate hikes until March 2026 due to US tariffs
- Reuters reporting on the matter citing a former BoJ policymaker
Nissan halts production of three models for Canada at two US plants due to tariffs
- Via a report from Nikkei
USDJPY Technical Analysis – JPY lacks bullish drivers
- The USDJPY pair rallied back into the top of the recent range as soft Japanese wage growth figures and negative US-Japan trade news weighed on the yen. What’s next?
Japan finmin Kato: no current plans for specific foreign-exchange discussions with Bessent
- Have deepened understanding with Bessent on forex, will continue close coordination
Morgan Stanley MUFG: U.S. tariffs pose risk to Japan’s economy
- Trump has notified Japan of a 25% tariff effective August 1 — up from 24% in April — if no new trade deal is reached.
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