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USDJPY is up over 1% in early European trade

USD
  • Despite the underpinned Risk On tone, USD extends gains in G10s, with the Yen the notable mover in early trade, as market participants look forward to the US inflation Tomorrow.
  • The Yen is now over 1% down against the Greenback and targets next immediate resistance at 132.77 (50 day EMA), followed by the February high at 132.90.
  • GBPJPY sees next immediate resistance at 159.954.
  • AUDJPY still targets 91.954 next.
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