Key event today:

12:30 UTC: USD – Non-Farm Payrolls (NFP) report.

The Japanese yen (JPY) remains under pressure amid the Bank of Japan’s (BoJ) continued dovish stance, falling to a three-week low against the US dollar during Friday’s Asian session. The BoJ has revised its economic growth and inflation forecasts downward for the current year, citing growing uncertainty surrounding US trade policy. Against this backdrop, investors have scaled back expectations for potential monetary tightening in Japan, contributing to further yen weakness.

Additional pressure on the yen comes from growing optimism over a possible easing of trade tensions between the US and China — the world’s largest economies. Risk appetite is also being fueled by expectations of new tariff agreements between the US and key trading partners, weighing on demand for the traditionally “safe-haven” Japanese currency.

Moreover, recent data showing an unexpected rise in Japan’s unemployment rate adds to the downward pressure on the yen. At the same time, rising US Treasury yields are supporting the dollar, helping it hold near multi-week highs and pushing the USD/JPY pair higher for the fourth consecutive session. However, expectations of more decisive easing measures from the Federal Reserve (Fed) may limit the dollar’s upside potential and provide some support to the yen, particularly ahead of today’s US Non-Farm Payrolls data.

Recommendations: SELL 145.30, SL 145.60, TP 144.20.