• +0.4% after closing down 0.45% - bargain hunting on a Tokyo holiday

• The rise through 160.00 was on a public holiday - the BoJ is watching

• No significant weekend news for the Yen - USD and risk appetite lead

• Charts 5, 10 & 21 Day moving averages conflict, 21-day Bolli bands contract

• A neutral setup - 151.73, 0.618% March/April rise is first support

• 154.48 5 and 21-day moving averages are the initial resistance

• USD/JPY has been above the daily Ichimoku cloud since January

• The cloud comes in at 148.93/150.17 - likely a major support level

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