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Apr 01 - 04:55 PM

USD/JPY - Maintains Loss On Pivot Toward Havens

By Robert Fullem  —  Apr 01 - 02:59 PM

• USD/JPY remains lower on session as S&P 500, Trsy yields retreat

• Stays in 148.98-150.13 range on modest turnover before tariff deadline

• US ISM, JOLTS data supports US stagflation scenario

• ADP and US President speech (4pm ET) on Wednesday

• Support: 149.10 21-DMA; 148.92 base line; 148.18 March 20 doji low

• Resistance: 150.26, Monday high; 150.76 March 24 high

• Yen crosses remain pressured, EUR/JPY tests 100-DMA at 160.84
Yen


(Robert Fullem is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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