ANALYSIS
NQ100 Finds Support from PPIApr 14
USDJPY Encountered Reactions On its Retreats
In the Asian session we left behind, the decline in parity has not been permanent due to the yen transactions. At this point, while the monetary policy difference between the Bank of Japan (BoJ) and the FED continues, it is quite possible that the retreats will be considered a buying opportunity unless a new story is presented to the markets. Technically speaking, the parity seems to be defending the major trend line on its declines. Upon the reactions with the opening of the European session, if the resistance of 147.35 can be exceeded above, the retracement trend may end and the resistance of 148.50 and then 149.70 may come to the fore. In retreats, the 145.20 – 144.00 line will continue to be a strong support zone.
