• 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
