USDJPY: BUY 147.45, SL 147.35, TP 148.55 | 07 August 2025
07 August 2025, USD/JPY
Event to Watch Today:
06 Aug 17:30 EET – USD – US DOE Crude Oil Inventories
06 Aug 19:45 EET – USD – FOMC Member Mary Daly speaks
USDJPY:
The yen weakens further after lackluster wage data: June average cash earnings slowed to 1.2 percent y/y versus expectations of 1.7 percent, reducing the likelihood that the Bank of Japan will unwind its ultra-easy stance any time soon.
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Fiscal stimulus continues to fuel overheating risks: the government approved an additional JPY 11.8 trillion spending package, partly funded by negative-yield bond issuance up to five-year maturities—widening real-rate differentials with the US and encouraging capital outflows.
Meanwhile, the US ISM-Services index unexpectedly rose to 53.2, reinforcing expectations that the Fed will keep rates “higher for longer,” historically a tail-wind for USDJPY.
Trading Recommendation: BUY 147.45, SL 147.35, TP 148.55
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