• USD/JPY slipped to hit two month low on Thursday as demand for safe-haven Japanese yen increased due to geopolitical worries..
• Market tensions intensified due to geopolitical concerns after Trump criticized Ukrainian President Volodymyr Zelensky, labeling him a "dictator" amid efforts to negotiate an end to the Ukraine war.
• Trump's outburst came after Zelensky's remarks on Tuesday, in which he accused the U.S. president of repeating Russian disinformation by claiming that Ukraine "should never have started" the war, which began with Russia's full-scale invasion three years ago..
• The yen has gained over 4% against the dollar this year, driven by increasing expectations that the Bank of Japan will raise interest rates again in 2025.
• At GMT 05:43, the pair was trading down 0.76 % at 150.29 .
• Immediate resistance is located at 151.54 (Daily high), any close above will push the pair towards 152.24(50%fib).
• Support is seen at 150.08(38.2%fib) and break below could take the pair towards 149.05 (Lower BB)
Recommendation: Good to sell around 150.50, with stop loss of 151.10 and target price of 149.80
