ANALYSIS
NQ100 Finds Support from PPIApr 14
USDJPY Made a Trend Change
On the last trading day of the week, we observe that the dollar gives signs of strengthening before nonfarm payrolls from the USA. On the other hand, we see pressure on the yen as the Bank of Japan (BoJ) had to defend the 0.50 percent ceiling set for the 10-year Japanese government bond yield earlier today. From this point of view, if the parity, which makes the trend change, can pass to 135.65 resistance, it could correct up to 138.10, marked by the Fibonacci 38.2 percent retracement line, after 136.85. In possible retracements, 133.25 and 132.00 supports can be followed.
