The Japanese yen strengthened toward 142 per dollar on Tuesday, its highest in four weeks, driven by safe-haven inflows and weak dollar sentiment tied to Trump’s fiscal plan. Worries over a widening U.S. deficit weighed on the greenback, while speculation of a 25% iPhone tariff added to trade conflicts. Domestically, expectations for more BoJ tightening rose after core inflation surprised at 3.5%, a two-year high.
Resistance stands at 148.60, with further levels at 149.80 and 151.20. Support is found at 139.70, then 137.00 and 135.00.
Resistance stands at 148.60, with further levels at 149.80 and 151.20. Support is found at 139.70, then 137.00 and 135.00.
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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.