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Apr 15 - 04:55 PM

USD/JPY - Stays In Narrow Range Near Lower Bollinger

By Robert Fullem  —  Apr 15 - 02:46 PM

• USD/JPY stays in narrow 142.61-143.60 EBS range

• Volumes are muted, volatility eases as US shares wander

• Bears stay optimistic before Fed Powell on Wed., upcoming trade talks

• Pair forms indecisive doji near its lower Bollinger; lower highs weighs

• Needs to fall below Friday's 142.05 low for downward momentum to build

• Support: 142.05 Fri. low; 141.65-68, Sept 20, Aug 5 lows; 140.92 Sept 16 low

• Resistance: 144.36 Monday high; 144.55-60 April 4 low and April 11 high

• Crossesd are mixed; EUR/JPY falls back below its 200-DMA and 21-DMA
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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