The Japanese yen is still close to a multi -month altitude against a widely weaker US dollar

• The Japanese yen attracts new buyers and pulls support from a set of factors.
• The prevailing risk environment is afraid of the safe jpy.
• The aggressive federal reserve rates weigh the revenues of American bonds, the US dollar, and the dollar pair/JPY.

The Japanese yen (JPY) is reflected in a decline inside the day against its American counterpart and climbs near the upper end of the daily range heading to the European session on Monday. Investors are still concerned that US President Donald Trump’s tariff will lead to a comprehensive global trade war and undermine economic growth around the world. Moreover, continuous geopolitical tensions lead to extended sales in stock markets and provide some support to safe armed JPY.

Meanwhile, the signs of expansion of inflation in Japan keep the door open for further interest rates by the Bank of Japan in 2025, which turns into another factor that supports JPY. The US dollar (USD), on the other hand, meets with new supplies amid expectations that the American economic slowdown by the tariff may force the Federal Reserve (Fed) to resume the price cutting course soon. This also contributes to the slide of the dollar pair/JPY again closer to the psychological brand 145.00.

The Japanese bulls have the top bulls amid the global journey inspired by the American tariff to safety

• Asian stock markets and American stock contracts declined at the beginning of a new week, amid increasing concerns about the expansion of the World Trade War and the risk of recession. Last Wednesday, US President Donald Trump imposed a 10 % tariff on all imports and higher duties on some of the largest trade partners in the country. In response, the European Union is scheduled to join China and Canada in imposing a retaliatory tariff.
• Investors have reduced their bets due to the high early interest rates by the Bank of Japan, amid fears that the harsh American definitions that could negatively affect the Japanese economy. Japan’s chief captain in Japan, Yoshimasa Hayaishi, said this Monday that US tariffs are expected to have a significant impact on Japanese economic relations and the United States. This, in turn, fails to help the Japanese yen safe to take advantage of the gains of its modest Asian session.
• In its separate regional economic report, which was published on Monday, Boj maintains the evaluation of all nine regions in Japan.
• Meanwhile, Japanese Prime Minister Shigro Ishiba said late on Sunday that the country will continue to pressure the United States to reduce the customs tariffs on Japanese goods, but recognized that progress is unlikely to come overnight. Ishiba added that it aims to make a call with Trump this week, and stressed the importance of home support measures in the meantime. This, however, is not mentioned to persuade JPY.
• The US dollar maintains the modest regain gains on Friday, led by the NAFP powerful salaries report (NFP) and honesty comments from the Federal Reserve Chairman Jerome Powell. The US Labor Statistics Office (BLS) reported that the economy added 228,000 new jobs in March compared to the 135,000 market expectations and the Reformel month reading to 117,000.
• Powell admitted that Trump’s tariff could have a stronger inflationary and economic impact, although political changes are still currently. Powell stated that inflation is closer to the goal, but it is still slightly high and that the federal reserve bank’s mission is to avoid the high prices of temporary prices to constant inflation. Powell added that the Federal Reserve monitors the uncertainty of the Trump administration’s commercial policies.
• However, the market participants appear to be convinced that the US Central Bank will resume the price cutting course at the Policy meeting in June and reduce borrowing costs at least four times by the end of this year to save the economy. This, in addition to the anti -risk flow, pulled the return on normative US government bonds for a period of 10 years less than a sign of 4.0 % and the dollar’s bulls may prevent aggressive bets.

The dollar/JPY looks more likely to slip. Breaking less than 61.8 % Fibo. Playing level

From a technical perspective, the collapse of last week was seen and admission is less than the level of Vibonacci 61.8 % in the positive move in September to March as a new US dollar/JPY bush. Moreover, the vibrations daily table She holds deeply in negative lands and is still far from being in the sale area. This, in turn, indicates that a lower -resistant path is still on the negative side. Thus, any subsequent recovery can be considered more than 147.00 (61.8 % of the FIBO.) This round shape is followed by 148.00, which if it is decisively wiped it may lead to a short -term gathering.

On the other hand, the 146.00 mark, followed by a 145.45 region, which is an Asian session in the psychological stage 145.00, can be around the area of ​​144.80, and a multi -month pelvis, about 144.55 areas that were touched on Friday, as immediate support levels. Some of the sale followed below the latter will confirm the negative bias and make the US dollar pair/JPY vulnerable to speeding up the fall towards the round shape 144.00.