USD/JPY closes in on near-term resistance ranges near 109.50
The temper within the equities area is popping for the higher with European shares rising to session highs now and principally buying and selling again in constructive territory. The sentiment could be very a lot mirrored in US fairness futures as effectively with E-minis practically flat on the day at the moment:
For USD/JPY, there’s near-term resistance round 109.50 with the 100 and 200-hour shifting averages additionally sitting shut by @ 109.54 and 109.51 respectively. Count on these ranges to maintain positive factors in-check in the meanwhile.
Though danger is seen bettering up to now, buyers/merchants should not get too carried away as now we have key earnings releases to navigate by within the coming days (there’s additionally the Fed assembly tomorrow). As talked about earlier, Apple would be the one to look at right now though we’ll solely get that after market shut.
In the intervening time, anticipate equities to remain uneven and any positive factors ought to stay measured for my part.