USD/JPY Price Forecast: Struggles at 144.00 and falls, as Trump slams Powell again
USD/JPY trades at 143.63 in early Asia, after closing Wednesday with modest 0.18% gains.
Trump urges Fed Chair Powell to resign, adding pressure as markets await NFP data.
Technical bias turns bearish below 144.00; support seen at 143.00, then 142.68.
The USD/JPY registered modest gains on Wednesday, with the pair closing up 0.18%, finishing the session below 143.70. As Thursday’s Asian session begins, the pair trades at 143.63, virtually unchanged.
The narrative of the financial markets remains unchanged. The US continues to negotiate trading deals, while the approval of US President Donald Trump's “One Big Beautiful Bill” is pending. In the meantime, Trump attacked the Fed Chair Jerome Powell once again, saying that he should resign immediately.
The docket in Japan is absent, but not so in the US. June Nonfarm Payroll figures are expected to show the ongoing slowdown in the jobs market.
USD/JPY Price Forecast: Technical Outlook
From a technical standpoint, the USD/JPY remains skewed to the downside after hitting a two-day high at 144.24. Buyers lacking the strength to claim $ 145.00 exacerbated a drop below the $ 144.00 figure, setting the stage for further losses.
Therefore, the first support targeted by sellers is 143.00. Once surpassed, the next support is the July 1 swing low of 142.68, ahead of testing the April 29 daily low of 141.97.
USD/JPY Price Chart – Daily
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
