It is declining in US dollars/JPY from the heights with the weakness of the dollar and Japan indicates
- The pair is trading near 145.00, and a correction of its last higher levels amid the softness of the renewable dollar.
- NFP outperforms expectations at 177 thousand, but weak ISM data and gross domestic product data to revive the cut bets.
- The declining bias continues. The main resistance in 145.52 support in 144.42 with neutral RSI and MACD.
Usd/JPY returns to the 145.00 area on Friday after extending the gains earlier in the week. The husband loses momentum along with the US dollar, which decreased to less than 99.50 after a fixed rejection at the level of 100.00. This decrease comes at a time when markets give mixed Macro data and renewable commercial addresses, including the Chinese signal to open customs tariff talks and Japan’s call to reconsider the tariff.
The non -cultivated salary statements increased in April by 177,000, above the consensus of 130,000, yet the March number was sharply revised. The unemployment rate remained at 4.2 %, and the wage growth is fixed at 3.8 % on an annual basis. Despite the strong title, the soft, fair claims and ISM manufacturing data, as well as the decrease in G10 Q1 by -0.3 %, has strengthened expectations to reduce the potential federal reserve rate in June. Al -Makayazat market is now pricing four discounts at the end of the year.
In Japan, Finance Minister Kato said that UST Holdings can be used in American commercial talks, indicating a more stable position against customs duties. Labor market data has been mixed, with unemployment, up to 2.5 %, and the task ratio improved slightly. Despite the relatively narrow work environment, wage growth is mixed, and the Bank of Japan is expected to maintain its superior policy until 2025.
Technical analysis
Technically, the average -range/JPY dollar is trading between 143.72 and 145.92, while maintaining a decreased bias. EMA for 30 days in 145.02 and SMA for 30 days at 145.52 each flash signals. RSI at 50.73 and MACD neutral to a little climb, while the random signals K near 81.82 caution signals. The near -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 moving averages-100 days at 150.94 and 200 days in 149.78-referring to the declining direction, with only SMA for 20 days in 143.60, indicating the purchase interest in the short term.