Important events today:

12:30 UTC: USD – Core Personal Consumption Expenditures Index.

The Japanese yen (JPY) attracts strong follow-up buying for the second consecutive day on Friday and continues to recover from the two-week low reached against the US dollar the previous day. Global risk sentiment deteriorated after a federal appeals court on Thursday halted a recent decision blocking US President Donald Trump’s radical tariffs. This is evident from the overall weakening of stock market sentiment and supports renewed demand for traditional safe-haven assets, including the JPY.

Meanwhile, optimistic Japanese macroeconomic data published today, including strong Tokyo consumer inflation figures, confirm the need for further interest rate hikes by the Bank of Japan (JPY) and provide additional support for the yen. On the other hand, the US dollar (USD) is consolidating after Thursday’s sharp reversal amid concerns about the US financial situation and bets that the Federal Reserve (Fed) will maintain its easing policy. This further contributes to the continued decline of the USD/JPY pair.

Recommendation: SELL 143.80, SL 144.20, TP 142.90.