USDJPY: SELL 143.70, SL 144.70, TP 141.70 | 09 Junio 2025

Event to pay attention to today:

15:30 EET. USD - Non-Farm Employment Change

USDJPY:

The Japanese yen (JPY) declined for a second straight day on Friday, reacting to disappointing Japanese household spending data. This comes amid a fourth consecutive month of falling real wages in Japan and concerns that global trade tensions could dampen wage momentum, which could complicate the Bank of Japan's (BoJ) efforts to normalize monetary policy. Adding to this are hopes of renewed trade talks between the US and China and a positive tone on risks, which are proving to be other factors undermining the safe-haven Yen. This helps the USD/JPY pair to hold above the mid-143.00s during the Asian session.

Meanwhile, market participants are still factoring in the likelihood that the Bank of Japan will continue to raise interest rates in 2025 amid rising Japanese inflation. This, along with ongoing geopolitical risks, could limit deeper JPY losses. The US Dollar (USD), for its part, is languishing near its lowest level since April 22, reached on Thursday, amid concerns over the worsening outlook for the US budget deficit and bets that the Federal Reserve (Fed) will further reduce borrowing costs. This could support the lower-yielding yen and limit the USD/JPY pair. Traders may also prefer to wait for the release of the key US Non-Farm Payrolls (NFP) report.

Trade recommendation: SELL 143.70, SL 144.70, TP 141.70

Connect Drawdown bonus 101% and trade with double your deposit! Bonus funds will help you increase your profits or withstand a sudden drawdown!