JPY: A potential Trump-Takaichi meeting? – ING

FXStreet Insights Team FXStreet

It has been suggested that President Trump could be meeting Japan's new PM, Sanae Takaichi, during his Asia trip, ING's FX analyst Chris Turner notes.

Diverging US-Japan policies keep USD/JPY elevated

"What to do about USD/JPY? The White House would like it lower to correct the US trade deficit with Japan, while Takaichi's presumed policies are yen negative, with pressure on the Bank of Japan not to raise rates. On that subject, there's a BoJ rate meeting on Thursday, and the market now attaches only a 10% probability of a hike."

"We can't see what's going to turn USD/JPY lower in the short term – until we get a broad dollar decline. However, we suspect Japanese policymakers would want to intervene and sell dollars were it to make it to the 155-160 area. For reference, the Japanese last sold USD/JPY near 160 in July 2024."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD holds steady above 1.1850 in quiet session

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day holiday.

GBP/USD flat lines near 1.3650 ahead of UK and US data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.

Gold corrects lower, tries to stabilize above $5,000

Gold started the week under bearish pressure and declined to the $4,960 area before staging a modest rebound. As trading volumes remain thin with the US financial markets remaining closed on Presidents' Day holiday, XAU/USD looks to stabilize above $5,000 ahead of this week's key data releases.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.