• USD/JPY shown a huge jump from the low of 108.13 made on Apr 17th 2017 .The pair hits 111.48 at the time of writing .It is currently trading around 111.48.
   
• Yen slips to two week low as risk appetite eases after French election result. BOJ is expected to keep the interest rates unchanged at its policy meeting ending early Thursday.
   
• Technically reversal is expected to happen if it breaks above 100- EMA in the daily chart. Any break above 111.50 (100- EMA) will take the pair till 112.19 (Mar 31st 2017)/113.38 (50% retracement of 118.61 and 108.13). 
   
• On the lower side, any break below 110.70 will drag the pair till 110.15 (21- EMA)/109.40 (61.8% retracement of 108.13 and 111.50).
  
   It is good to buy above 111.50 with SL around 110.70 for the TP of 113.