Yen Reaches Highest Level in a Month

The Japanese yen strengthened toward 142 per dollar on Tuesday, its highest in four weeks, driven by safe-haven inflows and weak dollar sentiment tied to Trump’s fiscal plan. Worries over a widening U.S. deficit weighed on the greenback, while speculation of a 25% iPhone tariff added to trade conflicts. Domestically, expectations for more BoJ tightening rose after core inflation surprised at 3.5%, a two-year high.

Resistance stands at 148.60, with further levels at 149.80 and 151.20. Support is found at 139.70, then 137.00 and 135.00.