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Apr 30 - 09:55 PM

USD/JPY - Sustains Friday's Gains In Early Asia

By Andrew M Spencer  —  Apr 30 - 08:05 PM
  • Steady near the top of a 136.20/136.44 range, after opening softer

  • Jumped 1.7% on Friday with EUR/JPY closing +1.65% post-Ueda on Friday

  • Rising wages by small firms may encourage the BoJ to tweak monetary policy

  • JP10YTN=JBTC 10yr yields show an open at 0.385% from Friday's 0.39% close

  • Charts, momentum studies head higher, as 21-day Bollinger bands expand

  • 5, 10 & 21-day moving averages track north - a bullish trending setup

  • Targets a test of 137.90 2023 high - 135.14 prior trend high initial support

  • 136.00 USD 826 mln and 136.60 USD 715mln are today's close option strikes

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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