[February 14] USDJPY weakens below 153 as U.S.-China reciprocal tariffs implementation delayed

2025.02.14 [February 14] USDJPY weakens below 153 as U.S.-China reciprocal tariffs implementation delayed

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Recap of previous trading day (February 13)

Yesterday the USDJPY peaked at 154.66 around GMT 01:00, then continued to decline while fluctuating.

The January Producer Price Index, released at GMT 13:30, exceeded expectations, but the market reacted with selling on the possibility of delayed implementation of reciprocal tariffs. The pair hit a low of 152.70 after GMT 20:30 and trading for the day closed at 152.79.

Recap of the Tokyo market and outlook going forward

Today the USDJPY reached a high of 153.15 around GMT 23:30 (on February 13), and hit a low of 152.44 after GMT 01:00. As of GMT 04:00, it is trading in the upper 152-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:30, February 14), it has retraced its earlier gains and is trading below the middle line. If it breaks below the recent low and falls under 152, it would be reasonable to maintain a downward bias.