USDJPY: BUY 143.90, SL 143.40 , TP 145.00 | 28 Abril 2025

USDJPY:

The Japanese Yen (JPY) is declining during the Asian session on Friday, as hopes of a potential de-escalation of the trade standoff between the US and China support a positive tone on risk and reduce demand for traditional safe-haven assets. In addition, moderate gains in the US dollar (USD) helped the USD/JPY pair climb above 143.00 and partially recover the previous day's decline from a near two-week high.

Meanwhile, government data showed that consumer inflation in Tokyo, the capital of Japan, accelerated sharply in April and confirmed market bets for further interest rate hikes by the Bank of Japan (BoJ). In contrast, Federal Reserve (Fed) officials have shown a willingness to potentially lower interest rates. This, in turn, could contain a significant rise in the US Dollar and help limit deeper losses for the low-yielding Yen.

Trading recommendation: BUY 143.90, SL 143.40 , TP 145.00

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