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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: US-Japan tariffs may be escalated, the Bank of Japan, the Federal Reserve, the Pigeon and Eagle War is about to break out?" Hope it will be helpful to you! The original content is as follows:
XM Foreign Exchange APP News-On Thursday (August 7), the US dollar bottomed out against the Japanese yen and rebounded, with trading around 147.23, a drop of -0.09%; Federal Reserve officials released dovish guidance during the session, and Trump said that he would first select a "temporary" candidate to fill the vacancy of Federal Reserve Board of Directors after Kugler resigned and vifu.netplete the remaining term. Affected by this, the exchange rate fell to 146.69 for a while, approaching the weekly low of around 146.61. At the same time, on Thursday (August 7), the Asahi Shimbun quoted White House officials that U.S. President Trump may impose an additional 15% reciprocal tariff on all Japanese imported goods without exemption on products that already have more than 15% tariffs; vifu.netbined with the uncertainty of the Bank of Japan's interest rate hike and the generally positive market risk sentiment have weakened the attractiveness of the safe-haven yen. This situation still needs to be examined in Japan's recent political and economic context. The ruling Liberal Democratic Party lost in the House of Lords election on July 20, and opposition calls for increased spending and tax cuts have sparked market concerns about Japan's fiscal health; data released on Wednesday showed that Japan's real wages fell for the sixth consecutive month in June, further exacerbating concerns about the consumption-led recovery - factors that all suggest that the Bank of Japan's interest rate hikes may be delayed and suppress the yen. However, the Bank of Japan has repeatedly stated that if economic growth and inflation meet expectations, there is still a possibility of further interest rate hikes before the end of this year, which makes the Japanese yen bears afraid to act rashly and also provides certain support for the US dollar against the Japanese yen. The other side of the exchange rate trend is the fluctuations in the US dollar and the Fed's policy expectations. The dollar rebounded slightly from more than a week lows hit on Wednesday, pushing the dollar against the yen to mid-term waters over the past hourFlat above. But the rebound space of the US dollar may be limited: the US dollar index fell to a one-week low on Wednesday, because the market expects the Fed to cut interest rates this year to exceed previous expectations; in July, the above content is about "[XM Forex]: US-Japan tariffs may escalate, the Bank of Japan, the Federal Reserve, the Dove Eagle War is about to break out?", which was carefully vifu.netpiled and edited by the XM Forex editor, I hope it will be helpful to your trading! Thanks for the support!
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