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FxWirePro: USD/JPY falls further as safe-haven assets gain amid rising trade tariff concerns

• USD/JPY declined further on Friday as traders sought safe-haven assets as concerns over trade tariffs kept markets on edge.

• 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.

• Trump’s trade war shook global markets again Thursday, with stocks and oil falling on fears China might retaliate with higher tariffs.

• China has been countering Trump’s tariff hikes, sparking concerns that Beijing could escalate U.S. duties beyond the current 84%.
  
•  Immediate resistance is located at 144.43 (50%fib), any close above will push the pair towards 145.00(Psychological level).

• Support is seen at 142.63 (23.6%fib) and break below could take the pair towards  142.00(Psychological level).

Recommendation: Good to sell around 147.20, with stop loss of 148.00 and target price of 147.00
 

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