A Data Partner of:
Refinitiv
May 04 - 08:55 PM

USD/JPY - Cautious Start; Trade Talks, Plunging Oil Prices Eyed

By Krishna Kumar  —  May 04 - 07:03 PM

• USD/JPY drifts lower in cautious Asia after closing 0.3% lower on Friday

• Optimism on US-Japan trade talks, plunging oil prices undermine USD

• Robust US jobs data, higher US yields limit downside; Fed rate decision Wed

• US, Japanese officials to start trade consultations, Treasury says

• Japan said skeptical; US negotiators were reluctant to lower levies-Nikkei

• Japan says no plan to threaten Treasuries sale in US trade talks

• US Crude down 4% Monday as OPEC+ set to accelerate output hikes

• POLL-Japan Q1 GDP likely contracted on soft domestic demand, import surge

• ANALYSIS-BOJ sees window for rate hikes narrowing but not closed yet

• Japan markets closed Mon & Tue; limited liquidity may exacerbate volatility

• Support 144.40, 144.00, 143.60-70, resistance 145.10-20, 145.50, 146.00

• Friday range 143.73-145.915, Asia Monday range 144.66-144.945
BOJ continues to keep its rates steady:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

eFX Apex

FX Institutional-Grade Data Hub

  • 100 Active FX Orders
  • Receive up to 3,000 TDUX Coins per month
  • PlusHD: Discretionary trades
  • Edge: Sentiment trades
  • Alpha: Systematic trades
  • 100 LSEG machine-readable FX Insights per day
Join the APEX Waitlist
All Orders data are tokenized on-chain by Cuneus Data Lab Inc
TDUX Coin Liquidity is managed by L18C

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!