USD/JPY continued to commerce decrease, monitoring USD and UST yields decrease. Final at 142.55 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong notice.
USD/JPY continues to trending decrease aggressively
“On knowledge launch this morning, CPI got here in hotter than anticipated, holding BoJ coverage normalisation plans alive. On tariff/commerce improvement, Japan commerce negotiator Akazawa may have the third spherical of talks with US officers together with Greer and Lutnick beginning at this time over the weekend and can return to the US once more to probably meet with Bessent on 30 Might.”
“In a single day, PM Ishiba additionally held a forty five min cellphone name with Trump to change views on tariffs however didn’t point out something particular about tariffs. Relying on state of affairs, Ishiba might meet Trump in particular person subsequent month.”
“USD/JPY continued to commerce decrease. Every day momentum is delicate bearish whereas RSI fell. Assist subsequent at 142.40, 142 ranges. Resistance at 144.40/60 ranges (21 DMA, 23.6% fibo retracement of 2025 excessive to low), 145.80 (50 DMA). We saved our brief USD/JPY (entered at 148 as per FX Weekly 13 Might), concentrating on a transfer in the direction of 141. SL at 151.”
