FxWirePro: USD/JPY dips as markets digest Trump’s shifting tariff signals

• USD/JPY edged down on Thursday as the dollar softened while traders struggled to parse the Trump administration’s shifting messages on tariffs and Fed leadership.

• This week saw Trump fire verbal shots at Fed Chair Powell, then reverse course on ousting him, and still leave tariff policy on China shrouded in uncertainty.

• U.S. Treasury Secretary Scott Bessent said on Wednesday that high U.S.–China tariffs are unsustainable and must be reduced before talks can continue, but Trump won’t unilaterally cut them.

• Meanwhile, Japanese Finance Minister Katsunobu Kato urged G20 nations to work together to stabilize markets, warning that U.S. tariffs and retaliatory measures were damaging global growth and financial stability.

• At GMT 06: 48, The dollar  was last  trading down 0. 50% to 142.76
 
• Immediate resistance is located at 143.53 (38.2%fib), any close above will push the pair towards 144.00(Psychological level).

•  Support is seen at 141.74 (April 16th low) and break below could take the pair towards 140.24(23.6%fib).

Recommendation: Good to sell around 142.80, with stop loss of 143.60 and target price of 142.00