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USD/JPY Narrows in on Overnight Low, Stronger Support Crosses at 100-dma

JPY
  • USD/JPY fades off the overnight high to narrow in on the Thursday low of 133.40. Slippage through here opens 133.02, the Wednesday low, initially ahead of firmer support seen into the 100-dma of 132.89.
  • The previously positive outlook has faded somewhat ahead of Friday's BoJ, with key short-term resistance is at 135.13, Apr 19 high, where a break is required to reinstate the recent bullish theme.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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