This Week's Market - March 24, 2026 (Tuesday)
For USD/JPY, as U.S. President Trump expressed willingness to continue dialogue with Iran, crude oil futures plunged. Concerns about inflation rekindling due to rising oil prices eased, and dollar selling became dominant. Today, PMI announcements are scheduled in Europe and the United States, so they are worth watching.
The focus will continue to be swayed by developments in the Middle East situation and reports on President Trump's remarks. USD/JPY has continued to be sold as it approaches 160, but I am also wondering whether it will break through next time, so it is not a place to sell recklessly. However, if it breaks above 160, I think we need to be cautious not just about verbal intervention but also about full-scale intervention.
From a technical standpoint today, the downside target for USD/JPY is likely to be yesterday's low of 158.02, while the upside target is expected to be the key level of 159.00.
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
This email is intended solely to provide general investment information. All investment decisions and judgments should be made at your own discretion and responsibility. Please note that neither our company nor the information providers can be held liable for any damages incurred based on the information contained in this email.