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Key Points
- There were speculations that the Liberal Democratic Party’s election defeat in Japan could lead to Prime Minister Ishiba’s resignation. However, Ishiba announced that he will remain in office, easing concerns and reducing political risk.
- U.S. Treasury Secretary Scott Bessent stated that negotiations are progressing swiftly but emphasized there is no rush to reach a deal. Meanwhile, U.S. Commerce Secretary Howard Lutnick commented that reciprocal tariffs will proceed as scheduled, although negotiations can still continue.
- With the FOMC meeting scheduled for July 31, attention is focused on Fed Chair Powell’s speech on July 22, which is expected to provide clues about the future path of monetary policy.
Key Economic Events This Week
+ July 22: Fed Chair Powell’s speech
+ July 24: ECB interest rate decision
USDJPY Chart Analysis
After breaking above the 148 level and extending gains to the 149 level, the pair quickly reversed and pulled back to the 147 level. Currently, a further decline toward the 146 level appears likely, with strong support expected there. If confirmed, a rebound toward the 151 level is highly probable. However, if price action deviates from expectations, we will promptly revise our strategy.
Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost and subscribe buttons!
Key Points
- There were speculations that the Liberal Democratic Party’s election defeat in Japan could lead to Prime Minister Ishiba’s resignation. However, Ishiba announced that he will remain in office, easing concerns and reducing political risk.
- U.S. Treasury Secretary Scott Bessent stated that negotiations are progressing swiftly but emphasized there is no rush to reach a deal. Meanwhile, U.S. Commerce Secretary Howard Lutnick commented that reciprocal tariffs will proceed as scheduled, although negotiations can still continue.
- With the FOMC meeting scheduled for July 31, attention is focused on Fed Chair Powell’s speech on July 22, which is expected to provide clues about the future path of monetary policy.
Key Economic Events This Week
+ July 22: Fed Chair Powell’s speech
+ July 24: ECB interest rate decision
USDJPY Chart Analysis
After breaking above the 148 level and extending gains to the 149 level, the pair quickly reversed and pulled back to the 147 level. Currently, a further decline toward the 146 level appears likely, with strong support expected there. If confirmed, a rebound toward the 151 level is highly probable. However, if price action deviates from expectations, we will promptly revise our strategy.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.