USD/JPY whipping around the 149.00 handle on holiday trading volumes

• The Yen is whipping slightly on thin holiday volumes, but markets are lacking direction with most participants off for Easter long weekend.
• The flow of macro data hasn't stopped for Japan, and Housing Starts and Construction Orders due soon.

The USD/JPY is shifting on thin volumes with most markets shuttered for the Easter long weekend, and the pair jumped from a Tokyo session low of 148.84 to 149.33 before settling back into the 149.15 area.

Volatility is skewing with a majority of the Asia-Pacific markets, including Australia and New Zealand, off for Friday to celebrate the Easter long weekend, but Tokyo is still chugging along into the weekend. 

Next the Yen will be seeing Japanese year-on-year Housing Starts and Construction Orders for February, with Housing Starts forecast at -3.9 percent, a negative number but still higher than the previous -13.2 percent stumble, while Construction Orders are unforecast with a previous reading of 0.9 percent.

USD/JPY Levels to consider

With volatility on thin volumes widening out the day's action but failing to provide any clear direction, intraday support is currently sitting at the week's low of 147.88 with further support from last week's low near the 147.00 major level, while resistance sits at yesterday's swing high of 150.60 and further resistance at the week's high point near 150.60.