FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
Chart - Courtesy Trading View
Spot Analysis:
USD/JPY spiked nearly 2% to hit fresh 20-year high at 130.95
Previous Week's High/ Low: 129.40/ 126.23
Previous Session's High/ Low: 128.59/ 126.94
Fundamental Overview:
The Bank of Japan (BOJ) earlier on Thursday, kept a neutral stance on the policy rates, held the rates unchanged at -0.1%.
BoJ tweaked its forward guidance on monetary policy bias and said it will conduct fixed-rate operations every day.
The BoJ believes that Japan’s underlying economy is too fragile to tighten monetary policy.
In the post-meeting press conference, BoJ Governor Haruhiko Kuroda said that risks to the economy are skewed to the downside for the time being.
Kuroda added that the central bank will stand ready to ease policy further if necessary.
Market participants now look forward to the US economic docket, for Advance Q1 GDP report and the usual Weekly Initial Jobless Claims for impetus.
Technical Analysis:
- Momentum is bullish, Stochs and RSI are sharply higher
- Volatility is high and rising, major moving averages are biased higher
- ADX and MACD support upside, Chikou span is biased higher
- GMMA indicator shows major and minor trend are strongly bullish
Major Support and Resistance Levels:
Support - 128.54 (5-DMA), Resistance - 131
Summary: USD/JPY likely to extend bullish streak. Scope for test of 2002 high at 135.16.
