2025.01.07 [January 7] Price fluctuates on Trump tariff news, rebounds above 158 yen
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Recap of previous trading day (January 6)
Yesterday the USDJPY reached a high of 157.96 around GMT 11:00, but then fell sharply following reports that President-elect Trump was "exploring tariffs targeting only critical imports." The price hit a low of 156.24 around GMT 13:00.
Subsequently, when Trump denied the reported content, the dollar was bought back, recovering to the 157 level. Trading for the day closed at 157.52 yen.
Recap of the Tokyo market and outlook going forward
Today the USDJPY showed an upward trend directly after the open, reaching a high of 158.41 around GMT 01:30. As of GMT 04:00, it is trading in the lower 158-yen range.
Looking at the 1-hour chart of the USDJPY(as of GMT 03:30 on January 7), the width of the Bollinger Bands has expanded, and the middle line is also showing an angle. The upward trend appears likely to continue.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
Today's main economic indicators are as follows.
- GMT 13:30 U.S. November Trade balance
- GMT 15:00 U.S. November JOLTS Job Openings
- GMT 15:00 U.S. December ISM Services PMI
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