FxWirePro: USD/JPY dips as yen firms ahead of expected BoJ rate hike 
AUDJPY: Bearish Bias Persists Despite Pullback; Sell on Rallies Near 110.78-80 Resistance 
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents 
FxWirePro- Major Pair levels and bias summary 
JPY Major Currency Score: GBPJPY, EURJPY, NZDJPY, AUDJPY, CADJPY, and CHFJPY show a bearish trend 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: GBP/NZD dips after Fed rate decision 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY dips as Yuan firms on PBOC firmer fixing 
FxWirePro: EUR/NZD edges lower, but outlook remain bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
FxWirePro: GBP/USD falls to six-week ,vulnerable to more downside 
Add as a preferred source on Google
Spot Analysis:
EUR/JPY was trading 0.26% lower on the day at 139.95 at around 06:20 GMT
Previous Week's High/ Low: 142.93/ 139.98
Previous Session's High/ Low: 141.89/ 139.98
Fundamental Overview:
Hawkish concerns surrounding the Bank of Japan (BOJ) keep the yen buoyed, weighing on the pair.
BOJ is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, reports from Nikkei Asia showed on Friday.
Strong BOJ inflation forecast, along with the latest tweak in the Yield Curve Control (YCC) policy, and the central bank’s multiple market interventions in the last few days keep bearish bias intact.
Technical Analysis:
- EUR/JPY has closed below 200-DMA
- GMMA indicator shows major and minor trend are bearish
- Momentum is bearish and volatility is high
- Recovery attempts remains caped at 21-EMA
Major Support and Resistance Levels:
Support - 139.23 (38.2% Fib), Resistance - 140.43 (200-DMA)
Summary: EUR/JPY is poised for further downside. Dip till 139.23 likely, more weakness n break below. Bearish invalidation likely on retrace above 200-DMA.
