FxWirePro: USD/JPY attracts selling interest, 38.2% fibonacci eyed

• USD/JPY dipped on Friday as investor sentiment turned cautious ahead of the looming U.S. tariff deadline.
 
• Investors initially welcomed the U.S.-Vietnam trade talks, hoping they might lead to progress in other  economies. However, optimism faded as key tariffs stayed elevated above pre-April 2 levels and concrete details remained limited.

• Trump has shifted his stance on tariffs, stating that letters outlining new duties for U.S. trading partners will be sent out starting Friday.

• Treasury Secretary Scott Bessent said a deal with India is near, but talks with Japan and South Korea have stalled despite earlier optimism.

• At GMT 05:46, the  dollar was trading down 0.39% at 144.36 against Japanese yen   .

• Immediate resistance is located at 145.18 (50%fib), any close above will push the pair towards 146.00 (Psychological level).

•  Support is seen at 142.97(38.2%fib) and break below could take the pair towards  142.48(Lower BB).

Recommendation: Good to sell  around 144.50, with stop loss of 145.50 and target price of 143.00