• USDJPY is pushing higher, breaking above the 157.35, the very short term 50% retrace of Yesterday's whopping range.
  • Above here, would see 158.02, the 61.8% retrace of that range.
  • In terms of pure technical, resistance is seen at 158.44 High Apr 26.

Chart source: MNI/Bloomberg

USD: USDJPY sees higher momentum

Last updated at:Apr-30 13:14By: Fabrice Ben Hassine
  • USDJPY is pushing higher, breaking above the 157.35, the very short term 50% retrace of Yesterday's whopping range.
  • Above here, would see 158.02, the 61.8% retrace of that range.
  • In terms of pure technical, resistance is seen at 158.44 High Apr 26.

Chart source: MNI/Bloomberg