The Japanese yen weakened to around 143 per dollar on Friday, reversing Thursday’s gains as the U.S. dollar rebounded on easing global trade tensions. President Trump reassured markets that U.S.-China trade talks are ongoing, despite China’s denial, and optimism over talks with Japan and South Korea also supported the dollar. Trump also eased monetary policy concerns by clarifying he never intended to remove Fed Chair Jerome Powell.
In Japan, Tokyo’s core inflation rose to 3.4% in April, the highest in two years, posing a challenge for the Bank of Japan as it balances rising inflation with external risks from U.S. tariffs. The BOJ is expected to keep rates steady.
Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.
In Japan, Tokyo’s core inflation rose to 3.4% in April, the highest in two years, posing a challenge for the Bank of Japan as it balances rising inflation with external risks from U.S. tariffs. The BOJ is expected to keep rates steady.
Key resistance is at 144.00, with further levels at 145.90 and 146.75. Support stands at 139.70, followed by 137.00 and 135.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.