• USD/JPY edged higher on Thursday as safe-haven demand linked to risks around the Strait of Hormuz continuing to support the greenback..
• The Bank of Japan is expected to keep interest rates steady next week but signal its readiness to hike them as soon as June.
• The BOJ ended a decade-long, massive stimulus in 2024 and raised interest rates including in December on the view that Japan was making progress in durably hitting its 2% inflation target.
• On the data front, Japan's manufacturing activity expanded at its strongest pace in four years in April as firms boosted production over concerns about potential supply shortages due to rising tensions in the Middle East, a private-sector survey showed on Thursday.
• The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) rose to 54.9 in April, the highest since January 2022, from 51.6 in March. The 50-mark separates growth from contraction.
• Immediate resistance is located at 159.71(Daily high), any close above will push the pair towards 160.21(Higher BB).
• Support is seen at 158.27 (SMA 20) and break below could take the pair towards 158.88(38.2%fib ).
Recommendation: Good to buy around 159.30, with stop loss of 158.50 and target price of 159.90


FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: USD/CNY inches higher as investors await potential US-Iran peace talks
FxWirePro: NZD/USD firms on RBNZ rate hike expectations
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
Euro Under Pressure: EURUSD Retreats Toward 1.1700 as Middle East Tensions Re-Escalate
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD eases slightly but trend is still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD softens slightly, shows sensitivity to Iran news
FxWirePro: EUR/AUD heads deeper into bear territory, 23.6%fib fibonacci eyed
NZDJPY Technical Outlook: Bullish Momentum Drives Kiwi Toward 96.00 Target
Bitcoin Smashes Resistance: BTC Eyes 80,000 USD Milestone as ETF Inflows Surge
Ethereum Resilience: Institutional Inflows Counter Whale Caution Amid Global Tensions
Ethereum (ETH) has success
AUDJPY Consolidation: Aussie Holds Near 114.00 as Bulls Eye 115.00 Breakout
FxWirePro: USD/JPY softens as Middle East risks cloud BOJ decision
FxWirePro: EUR/AUD dips below lower range, bearish bias increases 



