USD/JPY has slipped below its multi-month trend line and is inching toward a critical support zone near 142.10/141.50, with momentum indicators showing no clear conviction. A decisive break could open the way to deeper losses toward 140 and even 136.50, Societe Generale's FX analysts report.
US Dollar (USD) could rebound further against Japanese Yen (JPY), but any advance is unlikely to break clearly above 145.55. In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, extending its losing streak despite a subdued Greenback and shrugging off hotter-than-expected inflation figures that highlight persistent price pressures in Japan.