USDJPY Insight

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Key Points
- European Commission President Ursula von der Leyen has proposed the "REARM Europe Plan" to the leaders of the EU's 27 member states. This plan aims to secure at least €800 billion for increased defense spending by suspending EU fiscal rules.
- In Germany, the Christian Democratic Union (CDU), Christian Social Union (CSU), and Social Democratic Party (SPD) have agreed to establish a €500 billion fund for infrastructure investment.
- As of March 4, the U.S. has officially announced tariffs on Mexico, Canada, and China, with the affected countries responding with retaliatory tariffs.

This Week’s Key Economic Events
+ March 5: U.S. February ADP Nonfarm Employment Change
+ March 6: ECB Interest Rate Decision
+ March 7: U.S. February Nonfarm Payrolls, Unemployment Rate, and Fed Chair Powell’s Speech

USDJPY Chart Analysis
The uptrend has been broken, leading to a downward trend. Recently, the price found support around the 148 level and successfully rebounded. There is a high probability of a rapid rise toward the 151 level. If 151 is breached, further gains toward 155 can be expected. However, if it fails to break through resistance, a drop toward 147 may occur, maintaining the current trend.