USDJPY: SELL 143.30, SL 144.30, TP 141.30 | 13 June 2025
13 June 2025, USD/JPY
Event to pay attention to today:
15:30 EET. USD - Unemployment Claims
USDJPY:
The Japanese Yen (JPY) is strengthening for the second day in a row against a weakened US Dollar (USD) and is moving further away from the two-week low reached the day before. The market's initial reaction to news of trade talks between the US and China faded rather quickly after US President Donald Trump threatened new tariffs. This, along with rising geopolitical tensions, curbs investors' appetite for risky assets and maintains the yen's status as a safe-haven currency.
In addition, the yen is further supported by expectations that the Bank of Japan (BoJ) may tighten monetary conditions amid signs of rising inflation in Japan. On the other hand, the US Dollar looks vulnerable near one-month lows as weaker US consumer inflation data released on Wednesday confirmed expectations that the Federal Reserve (Fed) will resume its rate-cutting cycle in September. This, in turn, led the USD/JPY pair to fall below 143.50 in the last hour.
Trade recommendation: SELL 143.30, SL 144.30, TP 141.30
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
