Chart - Courtesy Trading View
USD/JPY was trading 0.03% higher on the day at 135.26 at around 05:30 GMT.
The pair is hovering around 20-DMA support, consolidates break below 5-DMA.
BOJ’s ultra-loose monetary policy has weakened the yen bulls, keeping downside in the pair limited.
Poor performance of US ISM Manufacturing PMI kept the dollar depressed on Friday.
US ISM Manufacturing PMI printed at 53, lower than the expectations and the prior print of 54.9 and 56.1 respectively.
Market participants now await the release of the Federal Open Market Committee (FOMC) minutes for impetus.
USD/JPY has slipped below 200H MA. Bearish RSI divergence adds to the downside bias. MACD confirms bearish crossover on signal line.
Major Support Levels:
S1: 134.31 (21-EMA)
S2: 132.64 (Lower BB)
Major Resistance Levels:
R1: 135.77 (5-DMA)
R2: 137.20 (Upper BB)
Summary: USD/JPY bias remains bullish as long as pair holds above 21-EMA. Break below will change near-term dynamics.


FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro-Major European Indices
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD edges lower but bullish outlook persists
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 



