USDJPY pressured by renewed tariff threats and stronger-than-expected Japanese inflation data

USDJPY extended its decline on Friday, weighed by President Trump’s renewed threat of a 25% tariff on Apple phones produced overseas and stronger-than-expected Japanese inflation in April, which raised doubts about the Bank of Japan’s willingness to tighten policy further.

The pair slid to a two-week low in early U.S. trading, as the latest drop further deteriorated the near-term outlook.

Key Fibonacci support at 143.23 (61.8% of the 139.88–148.64 rally) was broken, and a weekly close below this level would reinforce the bearish bias. Technical indicators support the downtrend, with moving averages turning fully bearish, 14-day momentum staying below the midline and weakening, and the thickening daily Ichimoku cloud adding downside pressure.

A completed reversal formation on the weekly chart further strengthens the bearish case.

Sellers are targeting 142.35 (May 6 low), with focus on the next support at 141.95 (late April base / 76.4% Fibo), a break of which would expose the psychological 140.00 zone and the 2025 low at 139.88.

Any corrective rebound is expected to be limited and should stall below the broken Kijun-sen and 50% retracement level at 144.26.

Res: 143.23; 143.92; 144.26; 144.62
Sup: 142.35; 141.95; 141.42; 140.47