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Apr 02 - 04:55 PM

USD/JPY - Turns Higher As Risk Sentiment Recovers

By Robert Fullem  —  Apr 02 - 03:11 PM

• USD/JPY posted a new session high above 150 as risk tone improves

• Range widens to 149.10-150.25 on EBS after finding solid bids near the low

• Trys yields firm after solid US data, leader comments about tariffs

• TikTok buyers emerging ahead of weekend deadline also lifts mood

• Overnight vol seen at ~20% before Trump tariff announcement

• Yen crosses turn higher with shares; EUR/JPY inches above 200-DMA

• Support: 149.12 21-DMA; 148.92 base line; 148.18 March 20 doji low

• Resistance: 150.25-26, session and Mon. high; 150.76 March 24 high
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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