This Week's Market - April 28, 2026 (Tuesday)
The USD/JPY market remains opaque as negotiations continue over a US-Iran ceasefire, but dips are being met with strong dollar buying driven by safe-haven demand.
Today's US economic indicators to watch include the monthly US Housing Price Index, the February US Case-Shiller Housing Price Index, the April US Richmond Fed Manufacturing Business Index, the April US Consumer Confidence Index, and the US Treasury 7-year bond auction. Also today, the Bank of Japan's Monetary Policy Meeting announcement is scheduled, but it is expected to remain on hold with no major market movement. The FOMC meeting is being held today and tomorrow, with the announcement coming after Japan's market holiday, and given that Japan is entering a major holiday period, the reaction from Japanese market participants is expected to be limited. We will continue to pay close attention to reports of irregular statements from President Trump.
From a technical standpoint, the downside target for USD/JPY is likely to be the key level of 159.00 yen, while the upside target is expected to be the key level of 160.00 yen.
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
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.