USD/JPY prolonged its decline as Trump tariff threats ramped up demand for secure haven proxies, together with JPY, CHF and Gold. USD/JPY was final at 142.85 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong word.
Dangers stay skewed to the draw back
“Each day momentum turned gentle bearish whereas RSI fell. Dangers stay skewed to the draw back. Subsequent assist at 142, 141.60 earlier than 139.90 (current low in April). Resistance at 144.40/60 ranges (21 DMA, 23.6% fibo retracement of 2025 excessive to low) and 145.70 (50 DMA).”
