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
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Source:
Refinitiv IFR Research/Market Commentary