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FxWirePro: USD/ JPY downtrend loses momentum but bearish setup remains

• USD/JPY declined briefly before recovering as traders analyzed Trump's tariffs and awaited the U.S. non-farm payrolls report for insights into Fed policy.

• U.S. payrolls report later in the day that will offer clues to the health of the economy and the outlook for monetary easing.

• U.S. payrolls data is expected to show the U.S. economy added 135,000 jobs in March, down from 151,000 in February.

•  At GMT 09.39,the dollar was up  0.30% at 146.42 against Japanese yen .
 
•  Immediate resistance is located at 149.59 (Daily high), any close above will push the pair towards 147.71(38.2%fib).

• Support is seen at 145.30 (23.6%fib) and break below could take the pair towards 148.14(23.6%fib ).

Recommendation: Good to sell around 146.70, with stop loss of 147.50 and target price of 145.50

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