• USD/JPY and broader dollar slide after Trump threatens phonemakers, EU with tariffs
• Stocks and Trsy yield are lower though off worst level of day; gold up 2%
• Fed speakers say tariffs causing business uncertainty
• Pair stays on back foot due to new DXY May low and YTD low for USD/CNH
• US-Japan trade talks set for the weekend; BOJ Gov Ueda next week
• Vols firm and downside option skews widen as pair nears 140
• Lower highs weighs; filled prior May 6 hourly gap near 142.50
• Resist: 144.27 base line; 144.58 21-DMA; 145.68 cloud bottom
• Supp: 142.36 May 6 low; 141.68 April 22 high; 139.89 YTD low
• Yen crosses mixed; EUR/JPY tests 100-DMA and
lower Bollinger
Yen
(Robert Fullem is a Reuters market analyst. The views expressed
are his own.)