No significant events are expected today.

The Japanese yen (JPY) is weakening during Friday’s Asian session, as hopes for a potential de-escalation in the U.S.-China trade tensions support a positive risk tone and reduce demand for traditional safe-haven assets. Additionally, the moderate strength of the U.S. dollar (USD) has helped the USD/JPY pair climb back above the 143.00 level, partially recovering from the previous day’s drop from a nearly two-week high.

Meanwhile, government data showed that consumer inflation in Tokyo — Japan’s capital — accelerated sharply in April, reinforcing market expectations for further interest rate hikes by the Bank of Japan (BoJ). In contrast, Federal Reserve (Fed) officials have signaled a potential readiness to cut interest rates. This could limit the U.S. dollar’s upside and help cap deeper losses for the low-yielding yen.

Recommendation: BUY 143.90, SL 143.40, TP 145.00.