ANALYSIS
NQ100 Finds Support from PPIApr 14
USDJPY: The Pair is Struggling to Find Direction
The pair, which tested the 131.25 level for the first time since April 28 in Monday's trading, subsequently retreated slightly and turned to maintain band movement. In the search for a direction that completes the 3rd week, we assess that the pair's course of 10-year US treasury yields above 3 percent in international markets creates upward potential. Weak pricing can be seen under this outlook unless 131.25 is exceeded. However, the end of 131.25 with permanent closures may consolidate purchases and pave the way for its climb to 132.50. Below, there remains a strong support of 128.70.
