• USD/JPY eased slightly on Wednesday as investors digested tariff uncertainty and a cooler US inflation report.
• U.S. consumer prices rose less than expected in February, but tariff-driven cost increases may limit further improvement.
•The Consumer Price Index (CPI) rose 0.2% in February, down from 0.5% in January, the Bureau of Labor Statistics reported Wednesday.
•The U.S. Federal Reserve is expected to hold rates at 4.25%-4.50% next Wednesday, with markets anticipating rate cuts in June amid a weakening economic outlook.
• Immediate resistance is located at 149.30 (50%fib), any close above will push the pair towards 150.00 (Psychological level).
• Support is seen at 147.70 (Daily low) and break below could take the pair towards 146.72 (23.6%fib)
Recommendation: Good to sell around 148.70, with stop loss of 149.60 and target price of 148.00
