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Apr 04 - 04:55 PM

USD/JPY - Breaks Props On Sudden Flight-To-Safety Flows, 151 Range Base Intact

By Randolph Donney  —  Apr 04 - 03:20 PM
  • USD/JPY fell below 10-DMA and tenkan props as Tsy ylds and risky assets fell

  • Prices so far holding above 10-day range lows at 151

  • A close below the 13-DMA @151.41 would be more bearish than 10-DMA @151.47

  • Uptrend from March lows has lost momentum awaiting a 152 breakout

  • Broader uptrend remains supported by the kijun & cloud top at 149.23 on EBS

  • A daily range above 152 is key to targeting twin 161.8% Fibos by 155.20

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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