USD/JPY Price Forecast: Finds temporary support near 145.00

  • The USD/JPY pair recoups some of its initial losses and rebounds to near 145.50 during North American trading hours on Friday, while it is still 0.1% down. The pair recovers as the US Dollar bounces back and flattens, with investors awaiting the preliminary Michigan consumer sentiment and inflation expectations data for May, which will be published at 14:00 GMT.