No significant events are expected today.

The USD/JPY pair is falling to 142.25 on Friday during a thin trading session. The US dollar (USD) is weakening against the Japanese yen (JPY) amid concerns about the economic impact of tariffs.

Data released by Japan’s Statistics Bureau on Friday showed that the national Consumer Price Index (CPI) rose by 3.6% in March compared to the previous reading of 3.7%. Meanwhile, the national CPI excluding fresh food was 3.2% year-on-year in March, matching market consensus, up from 3.0% previously.

Finally, the CPI excluding fresh food and energy rose by 2.9% year-on-year in March, up from the previous 2.6%. The Japanese yen remains strong against the US dollar as an immediate reaction to Japan’s inflation data.

However, the yen’s growth may be limited, as Bank of Japan (BoJ) officials signaled a pause in considering rate hikes, citing the need to monitor uncertainty heightened by US tariff measures.

US economic data on Thursday was mixed. Initial jobless claims fell to a two-month low, signaling labor market stability. Meanwhile, the Philadelphia Fed Index dropped below expectations, serving as a warning sign from the manufacturing sector.

Recommendation: SELL 142.05, SL 143.40, TP 139.80.