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Hawkish Fed Provides Support.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Hawkish Fed Provides Support
USDJPY hit as low as 111.05 in the US session before finding some support on the
back of an upbeat Powell presser allowing the pair to recover recover its
200-dma at 111.51. Bulls need a close above the 200-dma to reignite upside
momentum. This would bring the 112 level back into view, ahead of a run at the
Apr 24 & Dec 20 highs at 112.40/60. On the downside the Apr 10 low & 100-dma are
key targets for bears at 110.84/69. 

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