FxWirePro- Major European Indices 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro- Woodies Pivot(Major) 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Major Pair levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
Chart - Courtesy Trading View
USD/JPY was trading 0.89% lower on the day at 121.24 at around 04:25 GMT.
The pair is retracing from fresh seven-year highs at 122.43 hit earlier on the day, slips below 122 handle.
Upbeat prints of Japan’s inflation data buoyed the yen and fuelled yields on the Japanese Government Bonds (JGBs).
USD/JPY witnessed a quick retracement as the yen rebounded on higher inflation data which spooked markets of BoJ action.
Higher Japan inflation data triggered the market’s fears that the Bank of Japan (BOJ) will intervene soon, which in turn weighed on the Japanese equities.
US Pending Home Sales for February will be in focus along with headlines from Ukraine which will be the key amid the European leaders' meet.
Major Support Levels:
S1: 121.03 (5-DMA)
S2: 120
S3: 119.65 (200H MA)
Major Resistance Levels:
R1: 122
R2: 122.47 (Upper BB)
R3: 123.67 (Dec 2016 high)
Summary: USD/JPY cools off from multi-year highs, bias remains bullish. Retrace below 200H MA will see more weakness.
