The yen hovered around 145 per dollar Friday after a nearly 1% drop in the previous session, pressured by trade uncertainties as Tokyo seeks a deal with Washington before next week’s deadline. Trump may announce new tariffs or extend deadlines today, having previously threatened tariffs up to 35% on Japanese goods over low US rice and car imports.
The yen also weakened as a stronger US dollar followed a better June jobs report, easing recession fears and reducing near-term Fed cut chances. In Japan, May household spending grew more than forecast, supported by government efforts to increase demand.
The key resistance is at $145.35, meanwhile the major support is located at $143.55.
The yen also weakened as a stronger US dollar followed a better June jobs report, easing recession fears and reducing near-term Fed cut chances. In Japan, May household spending grew more than forecast, supported by government efforts to increase demand.
The key resistance is at $145.35, meanwhile the major support is located at $143.55.
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