This Week's Market Strategy - May 13, 2025 (Tue)
Following the agreement between the US and China to temporarily reduce tariffs after trade negotiations, there is optimism about the reversal of economic slowdown concerns.
With expectations for the Fed to pull back on rate cuts in the near term, the dollar is showing strong buying momentum, with USD/JPY rising to 148.85 yen.
Subsequently, the pair has been trading around 148 yen with a slightly heavy tone.
Today's key focus is on the April US CPI at 21:30, specifically the core index excluding energy and food.
US-China trade friction remains unclear, and while Trump's earlier momentum has toned down, caution is needed given the uncertainty surrounding this administration.
USD/JPY may move higher again if it holds at the support zone of 147.65-147.85, but if it breaks below this zone, will there be a correction to the extended daily downtrend line that was previously broken?
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