- The USD/JPY continues with the fall on Thursday, the 142.00 region challenges.
- The US dollar loses additional ground due to fears of tariffs and nervousness for the recession.
- The production prices in the US were below expectations in March.
The flows to safe shelters support the Japanese yen
The USD/JPY joins the pessimism observed in the last part of the week and goes back to the 142.00 region on Friday, an area that was not seen since the end of September.
The continuation of the remarkable appreciation of the Japanese currency exerts additional pressure on the torque, always in the midst of the growing concerns around the commercial scenario between the US and China.
In this sense, China announced 125% tariffs on US imports, counteracting 145% tariffs recently announced by Trump over the country.
What follows?
Later in the day, Michigan’s consumer’s feeling index should maintain attention in the US economy.
The day until now
The production prices in the US were below the estimates in March, with an increase of 2.7% compared to the previous year, while they contracted 0.4% compared to the previous month.
Key levels to take into account
The USD/JPY faces its next support in its minimum of 2025 of 142.04 (April 11), seconded by the weekly minimum in 141.64 (September 30) and the 2024 floor in 139.57 (September 16).
In case of occasional bullish attempts, the initial resistance is at the weekly maximum of 148.28 (April 9), ahead of the 200 -day SMA in 150.94 and the weekly peak of 151.20 (March 28).
In addition, the torque is flirting with the overall region around the 30 -year threshold, suggesting that a short -term technical rebound should not be discarded.
USD/JPY DAILY GRAPH
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
