• USD/JPY steadied around 143.75 on Monday as confusion over U.S. trade policy showed little sign of easing.
• The Bank of Japan meets this week, the central bank is expected to keep rates at 0.5% due to economic and trade uncertainty from U.S. tariffs.
• Despite growing overseas risks, the BOJ is likely to avoid sounding too dovish, as domestic inflationary pressures rise. In April, core inflation in Tokyo hit a two-year high, driven by rising food prices, signaling broader national trends.
• Trump's fluctuating tariffs have disrupted financial markets, prompting policymakers, including those from Japan, to seek concessions from Washington.
• Immediate resistance is located at 143.96 (50%fib), any close above will push the pair towards 144. 63(April 11th high).
• Support is seen at 142.42 (38. 2%fib) and break below could take the pair towards 142.00(Psychological level).
Recommendation: Good to buy around 143. 60, with stop loss of 143.20 and target price of 144.20
