USDJPY rises to 147.65: tariffs and data weigh on the yen
The USDJPY pair continues to climb as the market reacts to trade-related risks. Find more details in our analysis for 15 July 2025.
USDJPY forecast: key trading points
The USDJPY pair continues to rise, hitting fresh two-month highs
Further details on tariffs and Japanese economic data will provide more insight into yen movements
USDJPY forecast for 15 July 2025: 148.00
Fundamental analysis
On Tuesday, the USDJPY rate rose to 147.65, marking a new two-month high, as trade risks from new US measures persist.
Washington plans to impose 25% tariffs on Japanese goods starting 1 August, while Tokyo has yet to announce any retaliatory action. Negotiations between the two parties have effectively stalled. One Japanese official warned of potential economic consequences if the tariffs are enforced.
Investors now await upcoming trade and inflation data from Japan, which will help assess the scale of pressure on the domestic economy. In addition, market focus also turns to the US inflation report, which could influence the Federal Reserve's future rate decisions.
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