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USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82

Tuesday, March 31, 2015 1:16 PM UTC

Source: Thomson Reuters

Falling USD-JPY 2-yr yield spreads, stocks put USD/JPY 200-HMA prop in play
USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82 after 21-DMA capped overnight high
Pair now sees support at 119.76 & on the daily Tenkan at 119.77
USD975mln of 120 expiries may give lift into 10ET cut
A close above Mar down Trend-Line at 120.51 required to revive rebound

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USD/JPY probing 38.2% of 118.93-120.37 rise at 119.82

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