植田和男乐观表态助日元企

Core Viewpoint - The Japanese economy is experiencing a "moderate recovery," supported by positive economic data and a new US-Japan trade agreement that reduces macroeconomic uncertainty [1] Economic Indicators - The USD/JPY exchange rate is currently around 147.60, up 0.16% from the previous close of 147.36 [1] - June economic data shows industrial output increased by 1.7% month-on-month, exceeding market expectations [1] - Retail sales rose by 2.0% year-on-year, indicating resilience in domestic consumption [1] Market Sentiment - Positive economic data has strengthened market confidence in the ongoing recovery of the Japanese economy, bolstering expectations for future interest rate hikes by the Bank of Japan [1] - The yen has rebounded significantly from recent lows against the dollar, supported by the economic outlook [1] Monetary Policy Outlook - Analysts suggest that if the recovery trend continues, the Bank of Japan may initiate a normalization of monetary policy by the end of the year, providing further upward momentum for the yen [1] Technical Analysis - The USD/JPY momentum has slightly shifted to a bearish outlook; if it falls below 147.00, the next support level is at 145.85, followed by the convergence of the 100-day and 50-day simple moving averages at 145.71 [1] - A break below this level could test the 144.00 mark [1]