JPY Trading Outlook (24-04-2014)

USD/JPY: The pair was under pressure due to weaker stock prices. The 200 HMA 102.15-20 held after many attempts to try and break through it. Market seems to be well bid until Friday Tokyo CPI releases which will give market a better idea as to where the BOJ stands. The Kijun line at 102.70 has served as ceiling all week and remains important resistance.

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