Back to the downside, 119.00/118.90 will provide minor support ahead of the 100 DMA/daily cloud top at 118.75 and Thursday’s 118.32 lows and the thin daily cloud base at 118.15. I don’t think we are going back down here, but if wrong then look for a run to 118.00 and lower.
Look for another day not too far removed from 119.00, with any direction likely to come later in the day if the US data (Personal Consumption/Expenditure, Pending Home Sales) is too far from expectations, but with the real action likely to arrive on Friday.
Economic data highlights will include:
M: Industrial Production
T: Housing Starts,
W: Tankan, Nomura Manufacturing PMI
T: Foreign Bond Investment
F: Good Friday.
The post #USDJPY: Dollar remains choppy. More of the same ahead until Friday’s NFP? #fx #forex appeared first on FX Charts Daily.
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