• USD/JPY edged higher on Monday as yen dipped as Sanae Takaichi looked likely to take the premiership with backing from key political figures.
• The safe-haven currency weakened further as risk appetite improved following a partial easing of trade tensions between Beijing and Washington.
• Takaichi’s bid to become Japan’s first female prime minister was threatened after the sudden split with the LDP’s 26-year coalition partner.
•Meanwhile, Bank of Japan board member Hajime Takata said on Monday that the economy is withstanding the impact of U.S. tariffs and has likely already reached the 2% inflation target, reaffirming his call for resuming interest rate hikes.
• Takata, who opposed keeping BOJ rates at 0.5% in September, may push for another hike at the October 29-30 meeting.
• Immediate resistance is located at 152.00(Psychological level), any close above will push the pair towards 153.29(23.6%fib).
• Support is seen at 150.40 (38.2%fib) and break below could take the pair towards 149.91 (SMA 20)
Recommendation: Good to buy around 150.50, with stop loss of 149.50 and target price of 151.40


AUDJPY Powers Above 109 – Yen Weakness Fuels Aussie Bulls
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
FxWirePro: NZD/USD consolidating around 0.6030 , bias is bullish
FxWirePro: GBP/NZD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
EUR/JPY Stuck in Neutral Gear — Bulls Still in Control Above 182
USD/CHF Breaks Out: Bullish Surge Past 0.7800 Fuels Fresh Upside Momentum
NZDJPY Breaks 94: Bulls Charge as Kiwi Roars Back
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD bearish as RBA hike boosts Australian dollar
GBPJPY Roars Back 100 Pips — Bulls in Charge Above 210
FxWirePro- Major Crypto levels and bias summary 



