- USD/JPY stabilizes from its worst opening levels at 110.78 and is back on the 111 handle, currently trading at 111.21.
- Ongoing chatter surrounding the sales tax hike delays could continue to support the Nikkei and USD/JPY.
- However, a broadly weaker US dollar is capping upside, USD index now dropping -0.15% to 95.56 levels.
- Upside finds resistance at 111.758 (double top Mar 18th and Apr 27th) ahead of 111.91 (100-DMA).
- While to the downside, immediate support is seen at 110.48 (5-DMA) and below that at 110.18(10-DMA).
- Markets now focus on US PCE price index and consumer confidence data among others, for fresh momentum on the major.
- We had advised a long in the pair (http://www.econotimes.com/FxWirePro-USD-JPY-spikes-above-the-111-handle-as-Yen-slumps-on-talks-of-possible-delay-in-sales-tax-hike-214527).
Recommend holding for targets.


FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: EUR/AUD bears maintain upper hand
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
FxWirePro: AUD/USD eases as investors switch focus to RBA
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro:' USD/CAD faces downside risk below 1.4000
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: AUD/USD range bound ahead of RBA policy decision
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660 



