No significant events are expected today.

The Japanese yen (JPY) is weakening during Friday’s Asian session after data from Japan showed that the annual national Consumer Price Index (CPI) slowed in February. This, combined with a modest rise in the US dollar (USD), helped the USD/JPY pair extend its overnight rebound from a weekly low and climb back above the 149.00 level. However, expectations that the Bank of Japan (BoJ) will continue raising interest rates — fueled by forecasts of strong wage growth boosting consumer spending and inflation — should help limit losses in the JPY.

Moreover, ongoing uncertainty surrounding the aggressive trade policy of US President Donald Trump and its impact on the global economy, along with geopolitical risks, should provide tailwinds for the “safe-haven” yen. Meanwhile, market expectations that the Federal Reserve may soon resume a rate-cutting cycle due to a slowdown in tariff growth — diverging sharply from the BoJ’s hawkish outlook — could prevent the dollar bulls from taking aggressive positions. This may help cap losses in the low-yielding yen and limit the upside potential for the USD/JPY pair.

Recommendation: SELL 149.20, SL 150.10, TP 147.60.