• 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
