FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns

•   USD/JPY edged higher on Thursday  as  dollar firmed after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end.

• Trump said in a prime-time address that the U.S. would hit Iran "extremely hard" within weeks, claiming military goals were nearly achieved and the conflict was close to ending.

•  Trump said the United States does not need the key oil gateway and that it will open naturally once the conflict is over.

•    Attention will now turn to Friday's U.S. non-farm payrolls report. The market is looking for a 60,000 rise in jobs for March, according to   economists  .

•    The Japanese yen traded weaker at 159.25 , but it was still away from the psychologically important 160 level that is viewed as the line in the sand for intervention by Japanese authorities.
 
•  Immediate resistance is located at 160.32 (23.6%fib), any close above will push the pair towards 160.87 (Higher BB).

• Support is seen at 158.99 (SMA 20) and break below could take the pair towards 157.95(38.2%fib ).

Recommendation: Good to buy  around 159.20, with stop loss of 158.040 and target price of 159.90