This Week's Market - May 12, 2026 (Tuesday)
USD/JPY remains firm as little progress has been made in negotiations toward ending hostilities between the US and Iran, while WTI crude oil futures continue to hold steady.
Key US economic indicators to watch today include the April US CPI (forecast: +0.6% MoM / +3.7% YoY), the core index excluding energy and food (forecast: +0.3% MoM / +2.7% YoY), and the 10-year Treasury bond auction.
Additionally, meetings are scheduled between visiting US Treasury Secretary Bessent and Prime Minister Takaichi, Finance Minister Katayama, and BOJ Governor Ueda. Headlines from these discussions will also warrant close attention.
USD/JPY is currently in a gradual uptrend, and I believe the trend may shift depending on whether the 157 yen support level holds or breaks.
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