• JPY again under pressure across the board, among crosses AUD/JPY shines
• USD/JPY 157.92 to 158.39 EBS, continuing move up from 157.26 yesterday
• Daily chart showing good bounce from now flat 157.20 daily Ichi tenkan
• For now above descending hourly Ichimoku cloud between 158.09-13
• Well above ascending 200-HMA at 157.42, above 100-HMA currently at 157.87
• Continuing Middle East conflict, affect on Japan energy needs concerning
• Higher inflation and possible stagflation on-going concerns
• This despite lower Feb corporate goods prices ,
• EUR/JPY 183.59-184.02 EBS, back in 183.33-184.33 daily Ichimoku cloud
• Underlining support eyed at ascending 100-DMA at 182.01
• CHF/JPY 202.76-203.63 and back at recent highs, 203.99 record high Mar 2
• AUD/JPY maybe best bid among yen crosses, 112.44 to 113.57 today
• Higher and towards 114.25 high dating back to November 1990
• Market expectations for successive RBA rate hikes very supportive
• Related , for more click on [FXBUZ]
USD/JPY hourly:

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AUD/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)