0011 GMT - USD/JPY remains in a bearish trend, based on the daily chart, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. The currency pair is still below its key moving averages including the 50- or 200-day, the analyst says. With a short-term bullish trend line also broken earlier this week, this has added "another layer of bearish flavor to the mix," the analyst says. However, support at the 142.80-142.00 area has to give way now for the bearish trend to gather momentum. Resistance is now pegged at around 144.00, the analyst adds. USD/JPY is 0.1% lower at 143.56. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 20:11 ET (00:11 GMT)
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