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Thomson Reuters
Apr 16 - 08:36 PM
USD/JPY - Awaits China Data Inspiration For Resistance Break
First appeared on eFXplus on Apr 16 - 06:40 PM
  • USD/JPY continues to toy with resistance as US yields climb to 4-week highs
  • Waning global recession fears, expectations of strong China, US data boosts
  • Persistent Japan exporter sales, caution due to upcoming holidays slow rise
  • Japan trade data, BOJ semi-annual report on financial system due Wednesday
  • Daily close above 112.08-112.13 initially targets 112.60-67
  • Weekly close above 200-WMA @ 111.99 strengthens uptrend; support 111.60

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