• USD/JPY dipped on Friday as investor sentiment turned cautious ahead of the looming U.S. tariff deadline.
• Investors initially welcomed the U.S.-Vietnam trade talks, hoping they might lead to progress in other economies. However, optimism faded as key tariffs stayed elevated above pre-April 2 levels and concrete details remained limited.
• Trump has shifted his stance on tariffs, stating that letters outlining new duties for U.S. trading partners will be sent out starting Friday.
• Treasury Secretary Scott Bessent said a deal with India is near, but talks with Japan and South Korea have stalled despite earlier optimism.
• At GMT 05:46, the dollar was trading down 0.39% at 144.36 against Japanese yen .
• Immediate resistance is located at 145.18 (50%fib), any close above will push the pair towards 146.00 (Psychological level).
• Support is seen at 142.97(38.2%fib) and break below could take the pair towards 142.48(Lower BB).
Recommendation: Good to sell around 144.50, with stop loss of 145.50 and target price of 143.00
