- Demand for Yen eases as the political turmoil in Italy eased as parties push forward to try to form a government.
- Weaker US ADP report on private sector employment and a downward revision of the Q1 GDP growth figures exerted some downward pressure on the already weaker US Dollar.
- Markets now await fresh impulse from core PCE inflation later on Thursday ahead of the US non-farm payroll report on Friday.
- USD/JPY recovered from new 4-week lows at 108.11, is currently trading at 108.89.
- Upside remains capped below 5-DMA at 109.06, break above could see further upside.
- Technically, the pair trades with a major bearish bias, scope for further downside.
- Currently we see strong support at 100-DMA at 108.14, break below to see further weakness.
Support levels - 108.35 (50-DMA), 108.14 (100-DMA), 108, 107.65 (Apr 23 low)
Resistance levels - 109.06 (5-DMA), 109.80 (23.6% Fib), 110
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at -90.3025 (Bearish), while Hourly JPY Spot Index was at -9.61339 (Neutral) at 1030 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro- Major Crypto levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/USD dips lower on negative UK retail sales data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major European Indices
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major European Indices 



