NZD/JPY upside stalls at strong trendline resistance, pair struggling to extend gains above.
- Disappointing wage negotiation results and recent weakness in Japanese economic data point to a high possibility of additional BOJ easing as early as April.
- BOJ Governor Kuroda said on Wednesday that exports and production are showing weakness, and repeated that the BOJ would ease without hesitation if needed.
- Earlier in the day, BoJ published the minutes of its Jan meeting, and most members saw heightening risk that global market volatility could hurt business sentiment, delay shift from deflationary mindset.
- Many members said it was appropriate to take additional steps to forestall risks.
- We see scope for further upside in the pair only on breaks above channel top, tests of 77 levels then likely.
- Techs on 4-hourly charts show Stoch are at overbought zone and momentum is slowly fading. Breaks below 75.80 could take the pair lower to 74.70 levels.


FxWirePro: USD/CAD uptrend loses steam, remains on bullish path
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY dips as Japanese Yen consolidates near 40-year low
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90
FxWirePro: EUR/ NZD gaining momentum for a move towards 2.0350 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro : GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD extends losing run, eyes 0.5600 level
GBPJPY Caught in a Tight Range: Bearish EMAs Suggest a Breakout Awaits
AUDJPY Bears Take a Breather at 111.50, But ‘Sell on Rallies’ Still Eyes 110
FxWirePro: USD/ZAR slips as dollar weakens after PCE inflation data
FxWirePro: USD/CAD loses momentum but bullish setup remains
NZDJPY's Downward Spiral: Will 92 Resistance Seal the Bearish Fate?
FxWirePro: USD/ZAR retreats slightly but trend is still bullish 



