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- Major Pair levels and bias summary
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
FxWirePro: USD/ZAR cedes early gains ,outlook bearish
FxWirePro: EUR/AUD retreat from early gains, eyes another drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD pressured by rising treasury yields, risk-off mood
FxWirePro: NZD/USD remains soft as US bond bloodbath dominates
Fade the Rally: EUR/JPY Short Opportunity Near 180.80
FxWirePro: EUR/AUD firms slightly, but outlook remains bearish
FxWirePro: USD/JPY loses momentum but outlook is bullish
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally
ETHUSD Surges Past $2700 on Strong Institutional Demand, Technicals Show Bullish Crossover Despite Cooling ETF Inflow Momentum
Major Pair Currency Score: USDCAD and USDCHF Lead Bullish Momentum, While NZDUSD and AUDUSD Face Extreme Bearish Pressure
USD/CHF Bulls Eye 0.8400 Breakout as Broad Dollar Demand Drives 100-Pip Surge
FxWirePro- Major Pair levels and bias summary 



