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USDCAD TECHS

Corrective Cycle Still In Play

AUDUSD TECHS

50-Day EMA Still Provides Support

EURJPY TECHS

Corrective Pullback

USDJPY TECHS

Approaching The Next Objectives

EURGBP TECHS

Attention Is On The 20-day EMA

YEN
YEN: Yen crosses have stuck to a tight range in early Asian trading, as the bulk
of global markets are closed for the Easter holiday. USDJPY last trades
unchanged ~106.45, with EURJPY unchanged ~130.90 & AUDJPY is a few pips higher
at 81.80.
- JPY outperformed on Thursday, aided by month- & quarter-end flows even as Wall
St. indices finished higher.
- From a technical perspective, USDJPY hourly support is located through
106.20/00, a break opens up a move to 105.72 (the 76.4% retracement of the move
from 105.33 to 107.01). To the upside, there are reports of offers between
106.90 to 107.20, which encapsulates the Mar 28 & 29 highs as well as the 1.0%
envelope 10-DMA.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com