• USD/JPY eased slightly on Friday but stayed near a five-month high amid light liquidity trading.
• The yen is headed for its fourth straight year of losses after depreciating by almost 10% versus the dollar this year.
• The BoJ kept rates unchanged this month, with Governor Kazuo Ueda citing uncertainty over Trump's policies and rising concerns about U.S. tariffs affecting global trade.
• At GMT 10.49,the dollar was down 0.14% at 157.71 against Japanese yen .
• Immediate resistance is located at 158.10 (23.6%fib), any close above will push the pair towards 158.93 (Higher BB).
• Support is seen at 157.30 (Dec 26th low) and break below could take the pair towards 156.47(38.2%fib).
Recommendation: Good to buy around 157.50 with stop loss of 156.80 and target price of 158.40
