ANALYSIS
NQ100 Finds Support from PPIApr 14
NZDJPY Pushes Downtrend Line
The current Bank of Japan Governor Haruhiko Kuroda's statement that monetary easing will not be discussed until the sustainable inflation target is reached causes depreciation for the Japanese Yen. Technically, if the product, which erodes the descending trend line on the hourly chart, can close above 82.55, the levels of 82.85 and 83.35, which coincide with the Fibonacci 61.8 correction line, will be in our follow-up as resistance. Otherwise, the 82.10 region can be considered as a support in the course that will continue below the 82.55 point.
