Dollar Stays Top as Resilient Data Overshadows Tariff and Political Risks
| Action Insight Weekly Report 7-19-25 |
Dollar Stays Top as Resilient Data Overshadows Tariff and Political Risks |
Markets showed surprising composure last week as equities climbed and Dollar dominate FX rankings. NASDAQ’s relentless ascent and a fresh record for the S&P 500 highlighted investor confidence despite growing political noise and tariff tensions. Elsewhere in FX, Euro and Sterling held firm, along with Loonie but were largely lifted by relative outperformance. Meanwhile, Aussie found itself at the bottom of the currency board after a grim jobs report. Yen and Kiwi didn't flare better, with the former suffering selloff ahead of this weekend's elections. Swiss Franc ended in the middle...... |
USD/JPY Weekly Outlook USD/JPY finally broke out of range last week to resume the rebound from 139.87. But as a temporary top was formed at 149.17, initial bias stays neutral this week first. On the upside, break of 149.17 will target 100% projection of 139.87 to 148.64 from 142.66 at 151.43. That is close to 61.8% retracement of 158.86 to 139.87 at 151.22. | |
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