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Apr 21 - 11:55 PM

USD/JPY - Psychological 155.00 Caps, As Risk Appetite Recovers

By Andrew M Spencer  —  Apr 21 - 08:45 PM
  • +0.05% after closing little changed below the psychological 155.00 level

  • Markets are cautious that a test of 155.00 may trigger BoJ intervention

  • Hawkish BoJ Ueda very likely to hike rates if inflation keeps rising

  • Positive markets after Friday's slump - Nikkei +0.55%, E-mini S&P +0.3%

  • Charts - 5, 10 & 21-day moving averages climb with momentum studies

  • 21-day Bollinger bands expand - signals show a positive setup

  • A close below the 152.65 21-day moving average would be a bearish signal

  • A close above psychological 155.00 would encourage further gains

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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