The yen fell below 148 per dollar on Friday, reversing gains as trade tensions increased the dollar. Trump reaffirmed plans for reciprocal tariffs starting April 2. Despite this drop, the yen remains near a five-month high, backed by expectations of BOJ rate hikes. Japanese firms agreed to wage increases for a third year, aiming to offset inflation and labor shortages. Higher wages may spur spending and inflation, giving the BOJ room for future hikes. While rates are expected to remain unchanged next week, policymakers may pursue hikes later this year.
Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.