By Andrew M Spencer — May 05 - 09:50 PM
0.4% higher on USD demand as Tokyo return from the three day break
Other major currencies are little changed, so JPY crosses are higher
EUR/JPY +0.3%, GBP/JPY +0.35% and AUD/JPY up just 0.1%
Techs - 5, 10 & 21 daily, weekly and monthly moving averages rise
Rising Kijun line adds to the strong bullish trending setup
Close below 126.45 Kijun line needed to end the topside bias
131.25 April 2022 top initial resistance then 135.20 2002 peak
Tokyo 130.10 low then NY afternoon 129.99 base first supports
For more click on FXBUZ
jpy 2 May 6 Click here
Source:
Refinitiv IFR Research/Market Commentary