USD/JPY goes back from maximums as the dollar weakens and Japan points out a setback in tariffs

• The pair quotes about 145.00, correcting from the maximum recent in the middle of a renewed weakness of the dollar.
• Non -agricultural payrolls exceed expectations in 177K, but the weak ISM and GDP data rekindle the feat cuts of the Fed rates.
• The bearish trend persists; Key resistance in 145.52 and support in 144.42 with RSI and MacD neutral.

The USD/JPY goes back to the 145.00 zone on Friday after extending profits earlier. The torque loses impulse along with the US dollar, which fell below 99.50 after a firm rejection at the level of 100.00. This decrease is produced while the markets digest mixed and renewed commercial holders, including China’s signal to open tariff conversations and Japan’s application to reconsider US tariffs.

The non -agricultural payrolls of April increased by 177,000, above the consensus of 130,000, however, the March figure was reviewed down significantly. The unemployment rate remained at 4.2%, and salary growth remained stable at 3.8% year -on -year. Despite the strong holder, the weak applications for unemployment subsidy and the data of the manufacturing ISM, combined with a contraction of the GDP of the first quarter of -0.3%, have reinforced the expectations of a possible cut of fees of the Fed in June. The swap market is now valuing four cuts until the end of the year.

In Japan, Finance Minister Kato said that UST holdings could be leveraged in commercial conversations with the US, pointing out a firmer position against tariffs. The labor market data were mixed, with unemployment increasing to 2.5%, and the job ratio by requesting slightly. Despite a relatively adjusted work environment, salary growth is slowing down, and the Bank of Japan is expected to maintain its ultra-flexible policy until 2025.

Technical analysis

Technically, the USD/JPY is quoted in an average range between 143.72 and 145.92, maintaining a bearish bias. The 30 -day EMA at 145.02 and the 30 -day SMA in 145.52 issue sales signals. The RSI in 50.73 and the MACD are neutral to slightly bullish, while the stochastic %K about 81.82 indicates caution. Short -term support is seen in 144.51, 144.42 and 144.16. Resistance levels are aligned at 145.02, 145.52 and 145.54. Long -term mobile socks – 100 days in 150.94 and 200 days in 149.78 – they continue pointing to a bearish trend, with only the 20 -day SMA in 143.60 suggesting a limited purchase interest in the short term.

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