USD/JPY: Decline Is Likely Limited to a Test of 154.35 – UOB Group
Japan's Trade Deficit Narrows as Exports Rebound 3.1% in October
A potential 'fateful showdown' between Trump and the Federal Reserve! Top economists issue a warning!
Former IMF chief economist Blanchard said that Trump's economic policies may lead to an overheated economy and high inflation, forcing the Fed to raise interest rates again. The three pillars of Trump's economic plan, tariffs, immigration policy, and tax cuts, may all cause inflation to rise. As a result, the Fed may raise interest rates again, strengthen the dollar, which is not what Trump hopes for.
USD: Dollar Holds Gains – ING
Japan October CPI Eyed for Strength of Price Pass-Through -- Market Talk
Mizuho Securities: The yen may fluctuate around 155.
Mitsubishi UFJ Morgan Stanley Securities stated that if the Bank of Japan waits for the Trump administration to announce fiscal policies, the yen will remain weak against the US dollar at around 155. Shoki Omori, Chief Japan Trading Desk Strategist at Mitsubishi UFJ, mentioned that the yen's rise against major currencies after BOJ Governor Haruhiko Kuroda's speech was not fundamentally based, and was more likely driven by geopolitical and risk-off sentiment related to Eastern Europe. Japanese data may not be too important for the yen. In the past few weeks, the market has often seen the yen weaken after entering the US trading session, so unless there is a significant risk-off trend in the US market overnight, the yen is unlikely to.
