USDJPY: Move above 112.75 would lift the tone considerably - BBH

Analysts at BBH note that the dollar was practically flat against the yen last week as the greenback had recovered smartly from the start of the week's test on JPY110 and reached JPY112.20 before the weekend. 

Key Quotes

“However, the dollar sold off after reaching the high in Asia and finished the week on the session lows around JPY111.40.  The Slow Stochastics have turned up for the dollar, and the MACDs appear set to cross in the coming days.   Not coincidentally, the US 10-year yield slipped back below 2.40% before the weekend.  We suspect dollar buyers will emerge on any further weakness at the start of April.  The JPY112.20 is the first objective, while a move above JPY112.75 would lift the tone considerably.”