• USD/JPY edged higher on Wednesday as the greenback firmed as traders awaited clarity on President Donald Trump's trade policy ahead of next week’s tariffs.
• Traders found some relief after Trump said Monday that not all levies would take effect on the April 2 deadline, with some countries receiving exemptions, though details remain unclear..
• On the data front ,Japan's service-sector inflation hit 3.0% in February, keeping alive expectations of further interest rate hikes by the central bank.
• The BOJ hiked its short-term policy rate to 0.5% in January, expecting Japan to sustainably achieve its 2% inflation target, supported by strong wage growth.
• At GMT 08.46,the dollar was up 0.18% at 150.15 against Japanese yen .
• Immediate resistance is located at 150.94 (23.6%fib), any close above will push the pair towards 151.42(Higher BB).
• Support is seen at 149.57(38.2%fib) and break below could take the pair towards 148.62(50%fib).
Recommendation: Good to buy around 150.10, with stop loss of 149.30 and target price of 151.80
