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FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
• USD/JPY edged higher on Thursday yen gave back some of the previous day's gains anxiously assessed whether a fragile two-week ceasefire between the United States and Iran would hold.
• Analysts say the uneasy truce has increased Iran’s influence over shipping through the strategically crucial strait, following President Donald Trump’s decision to step back from threats against Iran’s civilian infrastructure.
• The five-week war has shaken investor confidence, triggering the largest disruption to global oil and gas supplies on record.
• Bank of Japan Governor Kazuo Ueda is expected to appear in the parliament from 0415 GMT on Thursday.
• On the data front, the U.S. is set to release February personal spending and the PCE deflator on Thursday.
• Immediate resistance is located at 158.88(38.2%fib), any close above will push the pair towards 159.26(SMA 20).
• Support is seen at 158.08 (Lower BB) and break below could take the pair towards 157.63(38.2%fib ).
Recommendation: Good to buy around 158.70, with stop loss of 158.30 and target price of 159.50
