I'm looking at a wide range of assets for treading on Friday, and heading into the weekend.
Overall structure remains firmly bullish on daily chart, supported by strong positive momentum and multiple bull-crosses of daily MA's (in bullish configuration), contributing to signals of bullish continuation of the upleg from 152.26 (Feb 12 low) following violation of key barrier at 157.65 (former top of Feb 9).
USD/JPY: Safe haven support and BoJ path – Rabobank
Motion creates emotion and the massive rally in the US Dollar has certainly created several headlines that add a bit of noise to the matter. In the effort of balance, I tried to look at setups on either side of the matter for this webinar and highlighted both gold and EUR/USD shorter-term setups.
USD/JPY: Modest gains as MoF warnings cap upside – Scotiabank
USD/JPY: Intervention risk rises with Yen slide – BNY
USD/JPY: Downward pressure seen easing in March – MUFG