By Randolph Donney — Apr 10 - 03:00 PM
USD/JPY up 1.1%, with 133.87 high piercing pivotal 133.73 resistance
Daily kijun, weekly tenkan & 50% of March drop are at 133.73 on EBS
If closed above, the 61.8% Fibo at 134.75 is the next target
Post-payrolls Tsy yield rise, early stocks slide fed dollar's gains
But BoJ Gov Ueda's caution re policy normalization plans slammed yen
Risk-off flows no help to the yen today, just fed haven dollar buys
Late rebound in stocks, though, reducing USD demand a bit
Prices now above the 100- and 55-DMAs at 133.40/2.92
If US CPI is at or above forecast further USD/JPY gains are likely
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary