The Japanese yen held near 143.7 against the dollar on Thursday, stabilizing after recent losses, supported by improved trade sentiment and a weaker greenback.
Japan reiterated its aim for a fair trade deal with the US, though Trump raised pressure by threatening tariffs up to 35% on Japanese imports over low US rice and car sales. Meanwhile, a finalized US-Vietnam deal added to market optimism.
The yen also found support as investors awaited key US jobs data, which could increase the odds of a Fed rate cut.
Key levels: Resistance at 145.70; support at 143.55.
Japan reiterated its aim for a fair trade deal with the US, though Trump raised pressure by threatening tariffs up to 35% on Japanese imports over low US rice and car sales. Meanwhile, a finalized US-Vietnam deal added to market optimism.
The yen also found support as investors awaited key US jobs data, which could increase the odds of a Fed rate cut.
Key levels: Resistance at 145.70; support at 143.55.
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