This Week's Market Strategy - June 10, 2025 (Tue)
USD/JPY declined as the US 10-year Treasury yield fell to the 4.46% range after the May Consumer Survey released by the New York Federal Reserve showed the 1-year ahead expected inflation rate declined to 3.2% from 3.6% the previous month, and the 3-year and 5-year ahead expected inflation rates also fell from the previous survey.
The pair temporarily dropped to 143.98 yen, but was rebought and is now trading in the mid-144 yen range amid reports that US-China trade negotiations are ongoing and uncertainty remains.
As US-China trade negotiations appear to be heading toward some form of agreement, dollar buying has become dominant.
Since there are no major US economic indicators scheduled for today, will the pair continue to trade in small ranges within this level?
From a technical perspective on USD/JPY, I want to pay attention to whether the pair breaks below 144.30 or exceeds 143.65 in the short term.
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