European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Bitcoin Surges Past $85,000 Amidst Rising Risk Appetite 
Wall Street Analysts Weigh in on Latest NFP Data 
FxWirePro- Major Crypto levels and bias summary 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Urban studies: Doing research when every city is different 
Add as a preferred source on Google
USD/JPY chart - Trading View
USD/JPY was trading 0.06% lower on the day at 107.68 at around 10:35 GMT, after closing 0.14% higher in the previous session.
The pair is extending sideways below 200-DMA, bias remains slightly bearish. Volatility is shrinking.
Continued risk-aversion, evident from a weaker trading sentiment around the equity markets, keeps downside pressure.
Major and minor trend for the pair are turning bearish as evidenced by GMMA indicator. RSI is below 50 and momentum is bearish.
The pair is hovering around 5-DMA and is extending consolidation below 200-DMA. Scope for downside resumption.
Focus on the US Jobless Claim data for direction. Coronavirus updates will be crucial to follow to gauge market risk appetite.
Break above 200-DMA will fuel upside in the pair. On the flipside, break below cloud will drag the pair lower.
Support levels - 107, 106.70 (Daily cloud), 106.44 (50% Fib)
Resistance levels - 108.02 (21-EMA), 108.30 (200-DMA)
