USD/JPY edges lower as recession fears rise and Japan data underwhelms

  • The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies. The US economy contracted by 0.3% in the first quarter of 2025, the first decline since 2022, missing expectations for growth and highlighting the impact of higher imports and reduced government spending.