USDJPY Chart Technical Outlook bounces up from the 149.40 low on Trump’s comments but the broader trend remains bearish.
The Dollar bounced across the board on Monday, as the President-elect, Donald Trump, vowed to impose 100% tariffs on products from BRIC countries if they supported other currencies different from the US Dollar.
These comments overshadowed the hawkish remarks from BoJ Governor Ueda, who affirmed that recent economic data allows for further rate hikes. A healthy 8.1% increase in capital spending has endorsed those comments.
The Yen, however, is trading lower on Monday, yet with the broader positive tone unchanged. The Dollar has been capped at 150.75 resistance, ahead of 151.90. Supports are 149.40 and 148.25.
