Market Strategy This Week - August 26, 2025 (Tuesday)
USD/JPY entered the 146 yen range following Fed Chair Powell's recent rate cut signals, but fresh buying interest pushed it back to the 147 yen level.
However, following reports of President Trump dismissing Fed Governor Cook, dollar selling became dominant this morning, causing USD/JPY to decline.
In this week's US economic indicators, we will monitor housing-related data today, GDP and jobless claims on Thursday, and PCE figures on Friday to determine whether a rate cut will occur in September.
From a technical perspective, the downside target for USD/JPY is around 147.00 yen and the upside target is around 148.00 yen. In the short term, we would like to enter from the sell side when the price rises to tested levels.
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