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USDJPY sees higher momentum

USD
  • USDJPY is pushing higher, breaking above the 157.35, the very short term 50% retrace of Yesterday's whopping range.
  • Above here, would see 158.02, the 61.8% retrace of that range.
  • In terms of pure technical, resistance is seen at 158.44 High Apr 26.

Chart source: MNI/Bloomberg

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  • USDJPY is pushing higher, breaking above the 157.35, the very short term 50% retrace of Yesterday's whopping range.
  • Above here, would see 158.02, the 61.8% retrace of that range.
  • In terms of pure technical, resistance is seen at 158.44 High Apr 26.

Chart source: MNI/Bloomberg