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: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD hits two-month low as oil prices rise 



