• USD/JPY edged higher on Thursday as dollar firmed after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end.
• Trump said in a prime-time address that the U.S. would hit Iran "extremely hard" within weeks, claiming military goals were nearly achieved and the conflict was close to ending.
• Trump said the United States does not need the key oil gateway and that it will open naturally once the conflict is over.
• Attention will now turn to Friday's U.S. non-farm payrolls report. The market is looking for a 60,000 rise in jobs for March, according to economists .
• The Japanese yen traded weaker at 159.25 , but it was still away from the psychologically important 160 level that is viewed as the line in the sand for intervention by Japanese authorities.
• Immediate resistance is located at 160.32 (23.6%fib), any close above will push the pair towards 160.87 (Higher BB).
• Support is seen at 158.99 (SMA 20) and break below could take the pair towards 157.95(38.2%fib ).
Recommendation: Good to buy around 159.20, with stop loss of 158.040 and target price of 159.90
