- The Japanese yen attracts some buyers after a strong printing from Tokyo CPI.
- The growing Boj position and the risk mood support the safe JPY.
- The PCE price index in the United States later this Friday must provide a new power to the US dollar/JPY.
Japanese yen (JPY) attracts some buyers who touch his lowest level in about four weeks against his American counterpart during the Asian session on Friday, although it lacks follow -up. Strong consumer enlargement data from Tokyo (Japanese capital) keeps the door open for further interest rates by the Bank of Japan (BOJ). Moreover, the BOJ summary indicated that the high prices are still on the table if the economy and prices are in line with expectations, which in turn provide some support to JPY.
Meanwhile, the uncertainty about the imminent mutual definitions of US President Donald Trump and its impact on the global economy remains into account. It turns out that this is another factor that supports the demand for safe JPY. Regardless of this, the price of prices in the US dollar (the US dollar) maintains depression of the US dollar pair/JPY under the 151.00 sign. However, fears that Trump’s commercial tariffs can affect the main Japanese exports prevent JPY from placing aggressive bets.
The negative aspect of the US dollar also seems limited as investors choose to wait for the PC PS (PCE) price, due to his release later during the North American session, to obtain signals about the Federal Reserve Path (Fed). This will play a major role in influencing the dollar and providing some calm motivation for the US dollar pair/JPY. However, the instant prices remain on the right track to record gains for the third week in a row, although the different expectations fed by BOJ guarantee caution to bulls.
The Japanese yen surpasses some safe flow
- US President Donald Trump revealed a 25 % tariff on imported cars and light trucks to be valid on April 3. These concerns are related to that these fees will have a long -term impact on the auto industry in Japan, which represents about 3 % of GDP.
- The data released earlier on Friday showed that the main consumer price index (CPI) in Tokyo increased by 2.9 % in March from 2.8 % previously. Moreover, the prices of fresh food prices in Tokyo, which excludes the prices of fluctuating fresh food, rose to 2.4 % during the amount amounting to 2.2 % in February.
- In addition, a basic reading that excludes fresh food prices and volatile energy from 1.9 % in the previous month has grown to 2.2 % in March. This is now 2 % higher than Japan Bank and supports the issue for further interest rates by the Japanese Central Bank.
- BOJ Summary of Opinions from the March meeting revealed a consensus to continue raising prices if the economy and prices are in line with expectations. However, the Board of Directors considered that policy should remain constant at the present time with an increase in the negative risks of the economy due to the US tariff policy.
- The global risk feeling great success in the reactions to the tariff of car and anxiety from Trump that the mutual definitions next week will grow in growth. This was overwhelmed by an upward review of the US GDP Q4, which showed that the economy grew at an annual pace of 2.4 % compared to 2.3 % in the previous estimate.
- On Thursday, Richmond President Thomas Parkin warned that the economic uncertainty that the Trump administration’s commercial policy can weaken consumers and commercials, and the central bank will be forced to wait and see instead of the pre -emptive position that most investors hope.
- The head of the Federal Reserve in Boston Susan Collins noticed that the US Central Bank challenges at this stage is the choice between maintaining a narrow position of politics or attempting to run before the data that may be in the future. Looking at expectations, Collins expects the Federal Reserve will maintain longer rates.
- Investors are now looking to issue a PCE Personal spending index (PCE), which can provide new signals about the future interest rate course at the Federal Reserve. This, in turn, will lead the US dollar and provide some meaningful motivation to the US dollar pair/JPY.
The dollar bulls/JPY have the upper hand while exceeding 150.00 psychological marks
From a technical perspective, the decline within the day from the vicinity of The Monthly Peak asks for caution before putting new climbing bets around the US dollar pair/JPY and location to make more gains. Meanwhile, the oscillator on the daily chart began to gain positive attraction and support horizons for some purchases near the psychological brand 150.00. However, some of the selling sold without a region 149.85-149.80, would deny positive bias and withdraw space prices to the support area 149.25 on its way to the round shape 149.00 and the next next support near the 148.65 area.
On the other hand, it may face a step beyond the monthly peak, throughout the 151.30 region, some resistance near a simple technically average average (SMA), which was currently linked near the 151.65 area. The continuous force that exceeds the latter will be a new operator for bulls and allows the pair of the dollar/JPY to restore a mark of 152.00. Positive momentum can extend to the area of ​​152.45-152.50 before instant prices aim to challenge SMA for 100 days, about 153.00 round characters.
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
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