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Feb 10 - 07:55 PM

USD/JPY - Buoyed By Trump's Threats, Awaits Powell Testimony

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

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