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Upbeat trade comments from Chinese leaders......>

YEN
YEN: Upbeat trade comments from Chinese leaders supported risk overnight which
has seen JPY underperform across G10.
- AUDJPY closed above the 100-dma (Y79.27) yesterday, with the uptrend extending
to Y79.63. Next resistance is seen at Y79.75/85 which registered a series of
previous highs through Feb/Mar. Above here opens a move toward the Y80 level,
ahead of the 200-dma at Y80.28.
- USDJPY closed above the 200-dma & trendline resistance, giving further bullish
signals. This brings the 112 level into view, ahead of previously broken channel
base support-turned-resistance at Y112.12.
- GBPJPY sits top of the pile with gains of 0.28%, last Y146.40. Expect
resistance on approach to the Y147.00 level (Y146.96 - Apr 4 high).
- NZDJPY rests on resistance from the 100-dma at Y75.56. The 50-dma crossed
above the 100-dma yesterday, generating fresh bullish signals.
- CADJPY also saw the 50-dma cross above the 100-dma. Gains extended to Y83.69,
opening a move toward the Apr 3 high at Y83.87. A topside break of the Y84 level
opens the 200-dma & 61.8% fibo of the Oct - Jan fall at Y84.50/54.
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