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