This Week's Market July 14, 2026 (Tuesday)
USD/JPY advanced as crude oil futures and U.S. long-term yields rose after President Trump expressed his intention to "demand 20% compensation for other cargo passing through the Strait of Hormuz," prompting dollar buying.
Attention today is on Fed Chair Warsh's testimony before the U.S. House of Representatives, as his remarks could cause further fluctuations in the dollar.
As for my trading strategy, I believe dip-buying remains a good approach as long as the support line at 161.80 holds.
While intervention caution is likely to emerge around 163, intervention seems unlikely unless the pair breaks above the previous high. Therefore, I plan to refrain from taking defensive positions against intervention for now.
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
This email is intended solely to provide general investment information. All investment decisions and judgments should be made at your own discretion and responsibility. Please note that neither our company nor the information providers can be held liable for any damages incurred based on the information contained in this email.