- 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: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/JPY holding bid into weekend
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way 



