USD/JPY found support at 126.50. Rising risk appetite, as well as a decrease in US Treasury yields, may push the pair further up, especially if the US GDP data for the 1st quarter exceeds expectations.
technical picture:
The quote is below the middle line of the Bollinger indicator, under the SMA 5 and SMA 14. The relative strength index (RSI) is below 50% and is indicating a slowdown in the price decline, while the stochastic indicator is steadily moving down.
Possible dynamics:
A rise and consolidation above 126.50 may lead to a local growth to 127.50.
