FxWirePro: USD/JPY changes short term trend from neutral to bearish

• USD/JPY slipped lower on Friday  as dollar weakened as focus shifted to U.S.-China trade talks this weekend.  

• Financial markets are heading into the weekend with the focus squarely on trade negotiations between Washington and Beijing due to begin on Saturday in Switzerland.

• Government data showed Friday,  Japan's real wages fell for a third straight month in March due to persistent inflation, despite stronger-than-expected consumer spending

• Japan's real wages fell 2.1% in March, following a 1.5% drop in February and 2.8% in January, indicating weaker household purchasing power.

• Japan's mixed wage and spending data signal a tough growth outlook, with tariff risks and policy uncertainty. Economists expect a Q1 GDP contraction next week.

• Immediate resistance is located at 146.18 (50%fib), any close above will push the pair towards 147.27(Higher BB).

•  Support is seen at 143.46(38.2%fib) and break below could take the pair towards  142.37(May 7th low).

Recommendation: Good to sell around 145.30, with stop loss of 146.20 and target price of 144.40