US NFPs to Steal the Show on Good Friday

USD Slides, Equities Gain Ahead of the US Employment Report

The US dollar traded lower against all but one of the other G10 currencies on Thursday and during the Asian session Friday. It lost the most ground versus NZD and AUD, while it was found virtually unchanged against JPY.

Nikkei 225 — Technical Outlook

Nikkei 225 continues to balance above a medium-term upside support line drawn from the low of November 13th. Also, yesterday, the index managed to overcome last week’s high, at 29633. The oscillators started pointing higher, which supports the upside scenario, at least in the near term. For now, we will take a positive approach.

USD/JPY — Technical Outlook

USD/JPY has been moving sideways for the last couple of days, but still remains above a short-term tentative upside support line taken from the low of February 23rd. Even if the pair retraces slightly lower, as long as it stays above that line, we will remain positive with the near-term outlook.

As for the Rest of Today’s Events

As we already noted, today is Good Friday in most nations under our radar and so there are no other economic releases on the agenda. We only have one speaker and this is Atlanta Fed President Raphael Bostic.



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