• USD/JPY dipped on Tuesday as demand for yen increased on uncertainty over Trump's trade policies and continued to cast a cloud over markets and the global economic outlook.
• Trump’s sudden imposition and subsequent delay of most U.S. import tariffs has fueled confusion, deepening global uncertainty among investors and policymakers.
• Much of the volatility that rattled the dollar and drove Treasury yields higher last week eased slightly on Tuesday, though investor sentiment remained fragile.
• Investors have sought safety since the U.S. announced reciprocal tariffs, pressuring the dollar and boosting safe havens like the Swiss franc and Japanese yen.
• Immediate resistance is located at 144.03 (50%fib), any close above will push the pair towards 144.63(April 11th high).
• Support is seen at 142.42 (23.6%fib) and break below could take the pair towards 142.00(Psychological level).
Recommendation: Good to sell around 143.00, with stop loss of 144.00 and target price of 142.20
