27 Agustus 2025, USD/JPY
Event to pay attention to today:
26.08 17:00 EET. USD - CB Consumer Confidence
USDJPY:
President Trump posted a letter on social media Tuesday morning announcing that he was removing Fed Governor Cook from the Fed's board of directors. Cook's departure will allow Trump to appoint a replacement, which will help him strengthen his control over Fed policy.
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In addition, Trump threatened “additional tariffs” and restrictions on exports of advanced technologies and semiconductors in response to digital services taxes that have hit American technology companies.
Market sentiment became cautious after President Trump warned during a meeting in the Oval Office with South Korean President Lee Jae-myung on Monday that he could impose a 200% tariff on Chinese goods if China refuses to supply magnets to the US amid Beijing's tightening control over rare earth metal mining.
Reuters cited a public opinion poll conducted by the Yomiuri newspaper on Monday, which showed a 20 percent increase in support for Japanese Prime Minister Shigeru Ishiba, despite his ruling coalition losing its majority in July's parliamentary elections. Support for Ishiba's cabinet rose to 39%, up 17% from a poll conducted after last month's upper house election.
Trade recommendation: SELL 147.45, SL 148.15, TP 146.35
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