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The Yen (JPY) continued trading stronger against the Dollar in early Monday trading. With the Yen gaining strength and the inflation below target, the Bank of Japan (BoJ) sees too much risk to change current monetary policy. The BoJ attempted to normalize monetary policy by measures such as decreasing its bond purchase program.On Monday in Japan the CAPEX level as well as the Tankan Small/Large Manufacturers level data is set to be published
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EUR/USD 02/04/18
At this point, EUR/USD is still holding above 1.2285 minor support and intraday bias remains neutral. On the upside, above 1.2475 will target a test on 1.2555 high, which is close to 1.2516 key long term fibonacci level. We’d be cautious on reversal from there. But decisive break will carry larger bullish implications. On the downside, below 1.2285 minor support will turn bias to the downside for 1.2154 and below to extend the decline from 1.2555.
EUR/USD
Appiattita la performance del cross Euro / Dollaro USAcon i prezzi allineati a 1,234. Le maggiori attese vedono un proseguimento stabile degli scambi con prima area di supporto stimata a 0,4107 e resistenza più immediata vista a 1,6467.