Русский
USD/JPY trends hinge on Fed data, US producer prices, and China’s response to mounting US tariff pressure.
Later in the US session, producer price data and consumer sentiment figures will influence US dollar demand. Economists expect producer prices to rise 3.3% year-on-year in March, up from 3.2% in February.
A stronger reading could signal rising consumer prices, potentially tempering bets on multiple Fed rate cuts. Conversely, weaker data, following the overnight CPI Report, may bolster expectations of multiple Fed rate cuts.
Economists expect the Michigan Consumer Sentiment Index to drop from 57.0 in March to 54.5 in April. A sharper fall could fuel recessionary fears, supporting a more dovish Fed rate path. Weakening consumer sentiment may impact private consumption, which contributes over 60% to USD GDP.
Potential USD/JPY Moves:
Bullish US dollar Scenario: Better-than-expected US data, easing US-China tensions, or hawkish Fed chatter could drive the USD/JPY pair toward 145, a crucial resistance level.
Bearish US dollar Scenario: Weaker US data, rising US recession risks, an escalation in the US-China trade war, or dovish Fed rhetoric could push the pair toward the 140.309 support level.
While the data will influence USD/JPY trends, tariff developments will remain the primary driver of USD/JPY moves.
Shifting focus to the Australian Dollar, trade developments, and potential stimulus measures from Beijing influence AUD/USD trends.
