ANALYSIS
NQ100 Finds Support from PPIApr 14
USDJPY:The Pair Erased 1.5 Month Gains
In the global bond market, we saw that the pair pulled back aggressively as the US Treasury yields eased the pressure on the Japanese yen. On the other hand, the relatively weak outlook of the dollar also supported the descending channel movement of the parity. Technically, as long as the 133.00 level above is defended as a resistance, the selling pressure that will be in effect may force the pair to descend to the psychological 130.00 level behind 131.50 and 130.70. In case of overcoming the possible 133.00 resistance, the 133.80 level may come to the fore.
