- Risk-on back in the markets, Nikkei regained momentum and settled above 1% for today. USD/JPY trading near session highs at 109.36, momentum higher.
- Japan industry performance beats estimates, however yen remained little changed against its major peers.
- Japan March industrial production jumped, beating estimates, according to the final data released by the Ministry of Economy, Trade and Industry showed on Tuesday.
- Industrial production expanded 3.8 pct in March, compared to an initial estimate of 3.6 pct, data showed.
- Pair holds above 5-DMA at 108.85, finds next hurdle at 109.40 ahead of 109.55 (May 13th highs) and then 109.90.
- Techs support upside in the pair. Stochs, RSI and MACD point north. Break above 109.90 could see test of 50-DMA at 110.25.
- Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-finds-strong-support-at-108-levels-good-to-buy-dips-208506) has hit TP1.
Recommendation: Raise stops to 108.85, hold for TP2. Break above 109.90 could see further upside till 110.25


FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro- Major Crypto levels and bias summary
FxWirePro:' USD/CAD faces downside risk below 1.4000
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges higher but bulls lack punch
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro- Woodies pivot (Major) 



