Ongoing geopolitical concerns in Syria and N.Korea, French
elections (23 Apr first round) as well as doubts over Trump’s tax reforms
and infrastructure spending plans should continue to form the backdrop.
Technically USDJPY appears to be testing key support (200 DMA) at 108.75,
1.3940, respectively. Price action on weekly close matters. A weekly
close below those levels could exacerbate further downside towards 107.80
and 1.3820 levels. We retain our bearish bias on EUR leading into