ANALYSIS
NQ100 Finds Support from PPIApr 14
CHFJPY Receives Support From BoJ-SNB Policy Divergence
In an environment where the Bank of Japan (BoJ) maintains its ultra-loose monetary policy, the fact that the Swiss National Bank (SNB) increased interest rates by 50 basis points in line with market expectations has allowed the franc to find demand against the yen. From this point of view, if parity, which ends the minor downtrend, goes to 148.10, it can reach the target position of 149.80, which is indicated by the Fibonacci 200 expansion line, following 148.90. On retreats, the 146.55 – 145.90 range will be the strong support zone.
