FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
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NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 
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Chart - Courtesy Trading View
USD/JPY extends range trade above 5-DMA support, overbought oscillators warrant some caution.
Federal Reserve’s minutes overnight showed that several participants would have been minded to go for a 50bps move, however an abundance of caution prompted them to stay their hand.
The minutes also showed that there was a serious discussion about balance sheet reduction, with the potential to also start next month.
Markets now see a 50bps move in May to be pretty certain, especially if next week’s US CPI for March moves strongly through 8%.
On the other side, the Bank Of Japan policymakers defend the central bank’s ultra-loose monetary policy.
The Fed-BOJ policy divergence is offering support to USD/JPY, capping downside in the pair.
Technical bias for the pair is bullish. Overbought oscillators could cause minor pullbacks. Downside however, is likely to be limited.
