Flash: EM FX may be put to a test this week - TDS

FXStreet (Bali) - Cristian Maggio, Senior EM Strategist at TD Securities notes that the improved sentiment in EM FX may be put to a test by FOMC minutes and Chinese HSBC PMI this week.

Maggio adds: "Locally, the main highlights will be the rate announcements in Turkey and Hungary, with focus on the implications of currency risks for monetary policy."

USD/JPY on the bid ahead of Tokyo open

USD/JPY is picking up in Asia ahead of Tokyo, pushing through the 102 handle. Today, we see the BoJ interest rate decisioThe 20 DMA is 102.55, the 50 DMA is 103.46 and the 20 DMA is 100.18. RSI (14) reads 74.78. Supports are ascending from ,100.76, 101.07, 101.25 and 101.38. Spot is 102.15 while next resistance comes in at 102.41.
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EUR/JPY breaks 139.70, eyes 140.00

After moving in ranges for many hours between 139.55 and 139.75 the EUR/JPY broke to the upside early in Asia and climbed to 139.95, and currently holds near the highs, eyeing 140.00.
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