• USD/JPY fell hit seven month low on Friday as trade tariff fears and risk-off sentiment strengthened demand for the safe-haven yen.
• Uncertainty over Trump’s trade policies and their global economic impact continues to weigh on investor sentiment.
• Trump suspended the 25% tariffs on most Canadian and Mexican goods Thursday, adding another twist to his shifting trade policy that has unsettled markets.
• The U.S. nonfarm payrolls report, due at 13:30 GMT, will provide insights into Fed policy, followed by Chair Powell's speech on the economic outlook.
• At GMT 11.21,the dollar was down 0.25% at 147.67 against Japanese yen .
• Immediate resistance is located at 148.22 (Daily high), any close above will push the pair towards 148.955(38.2%fib).
• Support is seen at 147.52(23.6%fib) and break below could take the pair towards 146.49(Lower BB ).
Recommendation: Good to sell around 147.80, with stop loss of 148.60 and target price of 147.00
