Important events today:

23:30 UTC: JPY – Household Spending Level Change.

The Japanese yen (JPY) is rising during the Asian session on Friday following strong domestic household spending data, leaving room for further interest rate hikes by the Bank of Japan (BoJ). This, along with a moderate decline in the US dollar (USD), is pushing the USD/JPY pair down from its weekly high around 145.20-145.25 reached on Thursday in response to optimistic US employment data.

Meanwhile, investors remain concerned that global trade tensions triggered by US President Donald Trump’s tariff policy could complicate BoJ’s efforts to normalize monetary policy. Additionally, prevailing risk appetite may limit gains for the safe-haven JPY and help cap losses in the USD/JPY pair. Traders may also refrain from aggressive bets on market direction amid expected lower liquidity due to a US holiday.

Recommendations: BUY 144.50, SL 144.30, TP 145.40.