Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/JPY slips as safe-haven demand rises as geopolitical and tariff tensions mount

• USD/JPY slipped lower on Monday as escalating Russia-Ukraine conflict and Trump’s new tariff threat drove investors to the safe-haven yen.

• U.S. President Trump said Friday said he plans to raise tariffs on imported steel and aluminum from 25% to 50%, intensifying the trade war.

• Markets are closely watching whether President Trump will proceed with the planned 50% tariff increase on steel and aluminum imports this Wednesday.

• Meanwhile, Ukraine and Russia intensified fighting before their second peace talks in Istanbul, with Ukraine launching a major strike and Russia conducting an overnight drone attack.

• Immediate resistance is located at 148.48 (38.2%fib), any close above will push the pair towards 145.20(23.6%fib).

•  Support is seen at 142.82(38.2%fib) and break below could take the pair towards  141.66(Lower BB).

Recommendation: Good to sell  around 143.80, with stop loss of 144.50 and target price of 142.00
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.