- FOMC minutes were the main catalyst overnight, revealed that the US interest rate hike is back on the cards this June.
- USD/JPY spiked all the way to hit session highs at 110.26 as the dollar edged higher across the board post FOMC.
- Our call (http://www.econotimes.com/FxWirePro-USD-JPY-holds-above-5-DMA-stay-long-209028) has hit all targets.
- The pair finds stiff resistance at the 110.50-60 zone, which is a combination of 55-EMA (110.51), major trendline (110.50) and cloud base (110.57).
- Upside pressure on the yen remains on the back of upbeat Japanese Q1 GDP which took immediate pressure off the BOJ to add stimulus.
- Technical indicators on weekly charts support upside in the pair. Break above 110.60 will see gains upto 111.80.
Recommendation: Go long on break above 110.60, SL: 110, TP: 111/111.80


FxWirePro: USD/JPY edges up as yen dips after soft household spending data
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major European Indices
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 



