- Risk-on back in the markets, Nikkei regained momentum and settled above 1% for today. USD/JPY trading near session highs at 109.36, momentum higher.
- Japan industry performance beats estimates, however yen remained little changed against its major peers.
- Japan March industrial production jumped, beating estimates, according to the final data released by the Ministry of Economy, Trade and Industry showed on Tuesday.
- Industrial production expanded 3.8 pct in March, compared to an initial estimate of 3.6 pct, data showed.
- Pair holds above 5-DMA at 108.85, finds next hurdle at 109.40 ahead of 109.55 (May 13th highs) and then 109.90.
- Techs support upside in the pair. Stochs, RSI and MACD point north. Break above 109.90 could see test of 50-DMA at 110.25.
- Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-finds-strong-support-at-108-levels-good-to-buy-dips-208506) has hit TP1.
Recommendation: Raise stops to 108.85, hold for TP2. Break above 109.90 could see further upside till 110.25


FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: AUD/USD slips amid wavering risk sentiment 



