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Amidst the quietness of Japanese authorities, the prolonged high-interest rate policy of the United States is expected to maintain the interest rate differential between the US and Japan, alongside the outlook for the extension of this trend. This is likely to induce a decline in the yen, consequently leading to a strengthening of the dollar. However, significant market changes are expected this week due to economic indicators from both the United States and Japan.
- On May 14th, the US Producer Price Index for April and a speech by Fed Chair Powell are scheduled.
- On May 15th, the US Consumer Price Index for April and retail sales will be announced.
- On May 16th, Japan's GDP for the first quarter will be released.
- On May 17th, the Eurozone Consumer Price Index for April will be published.
USDJPY has declined to around the 152 line, receiving support after encountering resistance at the peak, and is continuing its upward trend, poised to test the resistance once again. There is a high possibility of forming a peak around the 160 line, and if this range is not breached, a medium to long-term decline towards the 148-150 range, where there is a downward trend line, can be expected.
In summary, after a short-term rise to the 160 line, a medium to long-term decline to the 148-150 range is anticipated.
If there are any unexpected movements, we will adjust our strategy accordingly.
Amidst the quietness of Japanese authorities, the prolonged high-interest rate policy of the United States is expected to maintain the interest rate differential between the US and Japan, alongside the outlook for the extension of this trend. This is likely to induce a decline in the yen, consequently leading to a strengthening of the dollar. However, significant market changes are expected this week due to economic indicators from both the United States and Japan.
- On May 14th, the US Producer Price Index for April and a speech by Fed Chair Powell are scheduled.
- On May 15th, the US Consumer Price Index for April and retail sales will be announced.
- On May 16th, Japan's GDP for the first quarter will be released.
- On May 17th, the Eurozone Consumer Price Index for April will be published.
USDJPY has declined to around the 152 line, receiving support after encountering resistance at the peak, and is continuing its upward trend, poised to test the resistance once again. There is a high possibility of forming a peak around the 160 line, and if this range is not breached, a medium to long-term decline towards the 148-150 range, where there is a downward trend line, can be expected.
In summary, after a short-term rise to the 160 line, a medium to long-term decline to the 148-150 range is anticipated.
If there are any unexpected movements, we will adjust our strategy accordingly.