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• USD/JPY fell sharply on Monday as dollar weakened on concerns over global economic growth amid the U.S.-Sino trade war.
• Trump’s sweeping tariffs and uncertainty surrounding his trade policies have roiled global markets and clouded the outlook for the U.S. economy.
• While Trump has paused some of the steepest import tariffs, the U.S. remains locked in a trade battle with China, the world’s second-largest economy.
• On Monday, China warned countries against making broader economic deals with the U.S. at its expense, amid reports that Trump is pressuring nations seeking tariff relief.
• Immediate resistance is located at 142.28 (Daily high), any close above will push the pair towards 143.00(Psychological level).
•Support is seen at 140.54 (23.6%fib) and break below could take the pair towards 139.63Lower BB).
Recommendation: Good to sell around 140.80, with stop loss of 141.50 and target price of 140.00
