USD/JPY saw a brief spike above 115, hit 115.25 posting a good 70 pip spike, markets suspect possible BoJ intervention.
- But the pair ran into fresh offers at highs, dragging it back below the 115 handle, currently trading at 114.76 levels.
- Yen appreciation past the 115.00 is undesirable, however fighting the market could prove to be a suicidal proposition for the BoJ.
- Japan's economic minister Ishihara was on the wires over the last hours, commenting on the Japanese economy.
- He said that Japan's economic fundamentals have been recovering and hope BOJ takes appropriate dialog with markets, appropriate action based on econ, price situation.
- Tokyo's Nikkei Average is extending downside on the day, down around 2.02 pct as we write.
- Technicals indicate further downside for the pair, immediate support is seen at 113.85 (Nov 10, 2014 low) and resistance at 115.85 (Feb 10 highs).
Recommendation: We would sell rallies around 115 levels, SL: 115.85, TP: 114.25/114/113.85


FxWirePro: EUR/AUD bull’s hold the higher ground, remains on bullish path
FxWirePro: USD/CNY extends drop, faces 23.6%fib support
EURJPY Plunges Below 184 Amidst Yen Strength: Bearish Outlook Persists
Gold Surges Above $4100 on Weak US Jobs Data; Bullish Momentum Builds
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: USD/CAD steadies around 1.4220 ,retains bid one
FxWirePro: GBP/AUD uptrend loses steam, remains on bullish path
GBPJPY Surges on Yen Weakness; Bullish Trend Favors Dip Buying
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/USD slips lower on cooler than expected Euro Zone inflation data
FxWirePro: GBP/NZD pulls back slightly , bullish bias persists.
FxWirePro: GBP/USD gains some ground but outlook still bearish
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9350 level
AUDJPY Faces Headwinds: Selling on Rallies Advised as Bearish Trend Emerges
FxWirePro- Major Crypto levels and bias summary
BTCUSD Recovers Amid Easing Tensions, But Resistance Looms 



