FxWirePro: USD/JPY slips as U.S. tariff jitters spark safe-haven demand

• USD/JPY slipped lower on Tuesday as renewed concerns over U.S. tariffs and their potential impact on global growth spurred demand for the safe-haven yen.

• U.S. President Donald Trump’s unpredictable trade policies have triggered notable dollar selling since April, prompting investors to move away from U.S. assets and boosting the euro, yen, and Swiss franc.

• Investors have focused on the potential for easing U.S.-China trade tensions, following Beijing’s announcement last week that it was assessing a U.S. proposal to hold tariff talks.

• However, with few details available, investors have been left trying to interpret mixed signals from the White House.

• Market focus now turns to the Federal Reserve’s policy decision on Wednesday, where rates are expected to remain unchanged, but attention will center on how officials plan to steer policy amid ongoing tariff-related uncertainties.
 
• Immediate resistance is located at 143.54 (50%fib), any close above will push the pair towards 145.03(61.8%fib).

• Support is seen at 142.11(38.2%fib) and break below could take the pair towards  140.23(23.6%fib).

Recommendation: Good to sell around 143.40, with stop loss of 144.00 and target price of 142.20