The Japanese yen extends to the fixed decline in the day against the dollar. The bullish capabilities seem sound

• The Japanese yen is drifting to a decrease in a slight improvement in global risk morale.
• BOJ Falcon expectations and increasing JPY are safe.
• The federal reserve reduction bets can serve as an opposite wind for the green pair and the CAP USD/JPY.

The Japanese yen (JPY) extends to his fixed descent during the day during the Asian session on Friday, which raises a modest pair of US dollar (USD), the pair of the dollar/JPY near the mid -14:00 in the last hour. Global risk morale gets a slight lifting in response to some positive comments outside the White House and from Canadian officials and reports that there will be enough democratic voices to avoid the closure of the US government. In addition, a source familiar with the thinking of the Bank of Japan (BOJ) said that the growing global uncertainty may affect the timing of price raising and undermine the safe JPY.

However, it seems that the market players are convinced that BOJ will rise interest rates again amid expanding inflationary pressures in Japan, which in turn should limit any decline in the meaning of JPY. Moreover, Hawkish Boj’s forecasts led to the last sharp narrowing of the difference in the average between Japan and other countries, which should contribute to reducing losses in a low return JPY. Regardless of this, the stakes that will reduce the Federal Reserve (FED) prices several times this year, must specify the continuous US dollar recovery from the lowest level in the lowest level and guarantee before putting the upward bets around the USD/JPY pair.

The Japanese yen adds to losses inside the day after comments from a source familiar with BoJ’s thinking

• A source familiar with the bank’s thinking said: “The Japanese economy and price developments appear on the right track, but the risks abroad have risen.” The source added: “The growing global uncertainty is a source of concern and may affect the timing of raising prices in BOJ.”
• Dog Ford, Prime Minister of Ontario, said that the meeting with US Minister of Trade Howard Lootnick was positive and productive and that he reduced the temperature in the ongoing trade war.
• In addition, the Minister of Industry of Canada Francois Philip, Minister of Finance Dominic Lieblack, said that the discussion was constructive and that the talks would continue.
• Senate minority leader Chak Schumer indicated that the Democrats will vote with the Republicans to pass a six -month spending bill that would keep the US government funded until September.
• Russian President Vladimir Putin expressed his conditional support for a 30 -day ceasefire proposal presented by the United States and Ukraine, providing a modest elevator for global risk feelings.
• Japanese Prime Minister Shigro Eshiba stressed, earlier this week, the importance of wage negotiations in the spring and urge trade unions and companies to enhance workers ’salaries.
• A group of major Japanese labor unions said on Thursday that its member unions had concluded agreements due to the high large wages and that the average height was slightly more than 5 %, slightly smaller than last year.
• This year is scheduled to continue this year on Friday amid the preliminary results of the annual work negotiations in the spring in Japan, known as Shunto, on Friday, amid hopes, the wage will continue last year.
• This, in addition to the signs of expanding inflationary pressures in Japan, gives the bank of Japan prices for a further height, making the yield of Japanese government bonds high.
• The 10 -year -old revenue is still close to its highest level since October 2008, which was touched on Monday, which in turn should continue to support the Japanese yen.
• The US dollar, on the other hand, is struggling to attract any meaningful and suspended buyers near the lowest level in a few bets that the Federal Reserve will resume in the price cutting course soon.
• In fact, market participants are currently pricing in the possibility of three discounts in federal reserve rates for 25 points in monetary policy meetings in June, July and October.
• Bets were raised with data on Thursday that it was found that the US Producers’ price index (PPI) did not change in February, and the annual rate slowed to 3.2 % of 3.7 % in January.
• This comes above the most softened US consumer price index (CPI) on Wednesday and indicates signs of inflation, which must allow the Federal Reserve to reduce prices.
• Traders are now looking for the initial version of the Michigan morale and inflation index in Michigan, the United States for short -term opportunities on the last day of the week.

Usd/JPY needs to find acceptance above 149.00 marks for bulls to seize the near -term control

From a technical perspective, any subsequent move is likely to face some resistance near the support point of support 148.60-148.70 before 149.00 marks and a weekend, all over the 149.20 region. The ongoing force that exceeds the latter can lead to a short crowd towards the psychological mark 150.00, whose husband can climb from the dollar/JPY to the area 150.65-150.70 that can fall. The momentum can extend beyond that towards the 151.00 and The Monthly Peak sign, around the 151.30 region.

On the other hand, the horizontal area appears to be 147.75-147.70 has now appeared as immediate support. The convincing collapse below can make the dollar pair/JPY an exhibition to accelerate the fall towards the round shape 147.00 on its way to the 146.55-146.50, or the lowest level since October earlier this week. Given that the oscillator on the daily chart holds negative lands and is still far from being in the excessive sale area, some of the followers will be seen as a new operator of the bears and paving the way for more losses.