USDJPY remains in an uptrend despite the strong dip
The USDJPY pair is under pressure as the dollar has given up part of its gains since the election of President Trump. However, the trend for USDJPY remains upward, and we’re currently seeing a correction.
In addition, why should we anticipate USDJPY to keep pushing higher for now? President Trump’s plans to cut taxes are likely to boost inflation, especially with the unemployment rate already at 4.1%. Additionally, if he introduces tariffs, it could further support the U.S. dollar.
On the other hand, if the geopolitical situation changes—for instance, if Trump comments on issues in the Middle East, Ukraine, or NATO that raise concerns—this could prompt a flight to safe havens, strengthening the yen. But looking at other currency pairs and stock markets, there’s no sign of panic; in fact, the risk appetite is increasing.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
In addition, why should we anticipate USDJPY to keep pushing higher for now? President Trump’s plans to cut taxes are likely to boost inflation, especially with the unemployment rate already at 4.1%. Additionally, if he introduces tariffs, it could further support the U.S. dollar.
On the other hand, if the geopolitical situation changes—for instance, if Trump comments on issues in the Middle East, Ukraine, or NATO that raise concerns—this could prompt a flight to safe havens, strengthening the yen. But looking at other currency pairs and stock markets, there’s no sign of panic; in fact, the risk appetite is increasing.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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