ANALYSIS
NQ100 Finds Support from PPIApr 14
USDJPY is at the top of the last 20 years
US dollar put pressure on other developed country currencies due to the expectations that the US Federal Reserve hike rates by 50 bps in May meeting. On the other side, Bank of Japan kept its rate steady at minus 0.10 and the Committee confirmed the ultra loose monetary policy, increasing the sales momentum and as a result, the pair hit the top of the last 20 years. Technically, the bullish momentum may target 131.85 and 132.70 resistance levels above 130.00. On the other side, 129.15 and 128.80 supports will be on our radar below 130.00.
