By Krishna Kumar — Feb 10 - 06:09 PM
• USD/JPY likely to remain well supported after closing 0.4% higher Mon
• Trump signs tariff order Monday in latest trade war salvo
• Says will do reciprocal tariffs in next 2 days, not worried on retaliation
• Powell's biannual monetary policy report to Congress on Tue & Wed key
• His comments on tariffs and inflation will be closely monitored
• NY Fed finds mostly stable inflation expectations in January
• USD upside capped by BOJ rate hike expectations
• Markets in Japan closed for a public holiday Tue; Mon range 151.20-152.525
• Support 151.50-55, 151.20-25, resistance 152.50, 153.10-20
U.S. steel imports by top 10 countries of origin, 2024 vs 2023:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters