Weekly Market Strategy - July 8, 2025 (Tue)
USD/JPY has risen with dollar buying dominance following President Trump's announcement to implement a 25% tariff on Japan effective August 1st.
There are no US economic indicators being released today, and we will continue to focus on follow-up news regarding tariffs and any new developments in US-Japan tariff negotiations.
From a technical perspective, the pair is trading within an uptrend line drawn from May 27th and its parallel line. We would be interested in buying on any dip towards around 145.50.
There are fewer economic indicators this week compared to last week, but tomorrow is the final day for Trump tariffs, and the FOMC meeting minutes will be released, so Wednesday should see significant movement.
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