- USD/JPY slumped to session lows of 110.26 on news of a massive earthquake and the following tsunami warnings off Japan’s Pacific coast.
- The pair tested 5-day SMA at 110.36, but has since pared losses to retake the 111 handle.
- We see stiff resistance at 111.35 (May 31 high), break above will find next major resistance at 111.45 May 30th high).
- Technical studies support upside in the pair, momentum studies are bullish.
- Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-off-5-month-highs-at-11078-bias-higher-good-to-buy-on-dips-409909) is progressing.
Recommendation: Hold for targets.
FxWirePro's Hourly USD Spot Index was at 90.9604 (Slightly bullish), while Hourly JPY Spot Index was at -121.194 (Heavily bearish) at 0715 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro: EUR/AUD eases as market awaits Iran deadline
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: GBP/USD outlook weaker on renewed downside pressure 



