FxWirePro: USD/JPY attracts buying interest, 50% fibonacci eyed

• USD/JPY rose slightly on Thursday as safe-haven flows favoured the dollar amid escalating Middle East conflict.
 
• The conflict intensified Thursday as Iranian missiles struck an Israeli hospital, triggering Israeli attacks across Iran. As the situation worsened, President Trump gave no indication whether the U.S. would join Israel in targeting Tehran’s nuclear program.

• The conflict has heightened fears of broader regional instability, compounded by the spillover effects of the Gaza war.

• Overnight, the Federal Reserve sent mixed signals by holding rates steady while maintaining forecasts for two rate cuts this year—moves that reportedly displeased Trump.

• At GMT 11:17, the  dollar was trading up 0.37% at 145.68 against Japanese yen   .

• Immediate resistance is located at 145.95 (50%fib), any close above will push the pair towards 146.85 (Higher BB).

•  Support is seen at 144.00(Psychological level) and break below could take the pair towards  141.78(Lower BB).

Recommendation: Good to bu y around 145.50, with stop loss of 143.50 and target price of 146.50