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Oil: Inability to overcome $72.75 can lead to persistence in decline – Societe Generale

Brent recently revisited the low of last September at $68.70 resulting in a brief rebound, Societe Generale's FX analysts report.

Break below $70.00 can highlight possibility of one more down leg

"It is now challenging a multi-month descending trend line at $72.75 which could be an interim resistance. It will be interesting to see if Brent can establish beyond this hurdle; this cross is crucial for confirming extension in ongoing rebound."

"Inability to overcome $72.75 can lead to persistence in decline. Break below last week low of $70.00 could highlight possibility of one more down leg."

USD/JPY: Rebound risk in the near term – OCBC

USD/JPY inched higher. Data and BoJ policy may take a back seat for now as the focus shifts to Trump’s reciprocal tariffs on 2 Apr.
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USD/JPY is up near technical resistance at 150.00 – BBH

Japanese Yen (JPY) is underperforming most major currencies and USD/JPY is up near technical resistance at 150.00, BBH's FX analysts report.
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