FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
FxWirePro: USD/CAD dips below lower range, bearish bias increases 
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 
USD/JPY chart - Trading View
USD/JPY was trading 0.25% higher on the day at 105.49 at around 04:25 GMT.
The major was extending previous session's recovery, edges higher from one-week low.
S&P 500 Futures snaps six-day losing streak after Fed’s Powell battled reflation fears.
Fed Chairman Jerome Powell at the semi-annual testimony before the Senate Banking Committee brushed aside fears of further inflation.
"We will be watching inflation carefully, patiently. We would expect inflation to perform somewhat in keeping with the history of recent decades. Inflation risks are to the downside." Powell said.
"The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain," he added.
USD/JPY has bounced off 21-EMA support. Price action is testing 200-DMA resistance at 105.48. Break above will change near-term dynamics. Scope for upside resumption.
