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USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Consolidating At Trendline Support

EURGBP TECHS

Support Remains Under Pressure

GBPUSD TECHS

Key Resistance Exposed

DOLLAR-YEN
DOLLAR-YEN: Broader USD strength & higher U.S. yields have allowed USD/JPY to
register a fresh YTD high of Y114.55, with the cross operating a couple of pips
shy of that level last.
- From a technical perspective, having based ahead of Y113.50, USD/JPY resumed
its uptrend with the close above Y114.00 and the fresh YTD highs allowing bulls
to build on the recent momentum they have experienced. They now target the
November 2017 high (Y114.73), ahead of the 61.8% retracement of 125.86-99.02
(Y115.61). Bears need a move back below Y113.00.
- Tomorrow's wage data and BOJ Rinban operations provide the areas of interest
on the Japanese docket during the remainder of the week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com