Chart - Courtesy Trading View
USD/JPY was trading 0.43% higher on the day at 132.95 at around 10:20 GMT, hovers around 21-EMA.
The dollar wobbly on Tuesday after a slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy.
The Institute for Supply Management (ISM) survey showed on Monday that manufacturing activity fell to the lowest level in nearly three years in March as new orders continued to contract.
The Institute for Supply Management (ISM) said its manufacturing PMI fell to 46.3 last month, the lowest since May 2020, from 47.7 in the previous month.
All subcomponents of the manufacturing PMI were below the 50 threshold for the first time since 2009.
Further, U.S. construction spending also weakened, down 0.1% in February after increasing 0.4% in the previous month.
Focus this week will be on Friday's U.S. jobs report, although many markets will be closed for the Easter holiday.
Major Support Levels:
S1: 131.98 (55-week EMA)
S2: 131.84 (200H MA)
Major Resistance Levels:
R1: 133.34 (55-EMA)
R2: 134.34 (110-EMA)
Summary: USD/JPY has bounced off major trendline support and is showing signs of further upside. Price action is grinding sideways at 21-EMA, decisive break above will take the pair higher.


FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 



