The USD/JPY tests 143.00 amid the decrease in fears of Fed and commercial optimism

• The USD/JPY jumps 1.24% to recover 143.00 as it improves the feeling of risk.
• The recovery of the DXY stagnates about 99.50 after weak PMI and comments on tariffs.
• The technical indicators are still bassist despite the intra -impulse.

The USD/JPY torque quotes near the 143.00 mark on Wednesday, with an increase of more than 1.2% in the day, extending its rebound from the minimum of the middle of the week. The earnings of the US dollar are driven by the improvement of appetite for the risk and signs that commercial tensions between the US and China could be relieved. Aided by the guarantee of US President Donald Trump that the president of the FED, Jerome Powell, will remain in his position and by the comments of the Treasury Secretary, Scott Besent, suggesting that tariff rates are unsustainable, the US dollar (USD) made a recovery from its minimum of three years.

However, the underlying tone remains cautious. The PMI composed of Global S&P for April fell to 51.2 from 53.5, confirming the deceleration of the business impulse. The PMI of services fell dramatically to 51.4 from 54.4, while the manufacturing PMI rose slightly to 50.7. The Beige Book of the Fed resonated those concerns, pointing out the deceleration of salary growth and persistent inflation due to supplies costs promoted by tariffs. These reports reaffirm investors’ doubts about the strength of the economy, especially as the Fed balances the growing inflation with the decreasing activity.

The markets initially welcomed Besent’s comments and the possible opening of the White House to reduce tariffs. However, the shares returned the initial profits, and the DXY failed to stay above 99.50, suggesting that the rise of the US dollar is still fragile.

Technical analysis

From a technical point of view, the USD/JPY is still bassist despite the rebound today. The pair quotes near the top of its daily range (141.45–143.49), but the indicators remain weak. The relative force index (RSI) is neutral in 41.21, and the MACD prints a sales signal. The Bull Bear Power in -2.356 and the raw material channel index at -64,788 are both neutral. The key mobile socks also inclined downward: the 20 -day SMA (145.52), the 100 -day SMA (151.45) and the 200 -day SMA (150.24) are all in the downward trend, confirmed by the 30 -day EMA (145.91) and the SMA (146.77).

The immediate support is found in 143.11, followed by 142.62 and 141.57. Resistance levels are observed in 144.72, 145.52 and 145.54. The pair could have difficulty overcoming these areas unless macro conditions change decisively in favor of the USD.

With persistent doubts about the autonomy of the Fed and mixed macroeconomic data, the prospects for the USD/JPY remain limited, even when risk flows provide temporary support.