FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
FxWirePro: USD/CNY gains some ground as China's yuan eases amid softer guidance rate 
2025 Market Outlook: Key January Events to Watch 
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
FxWirePro- Major Crypto levels and bias summary 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
FxWirePro- Major Crypto levels and bias summary 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
China's Refining Industry Faces Major Shakeup Amid Challenges 
FxWirePro- Major Pair levels and bias summary 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Add as a preferred source on Google
USD/JPY chart - Trading View
USD/JPY grinds lower for the 3rd straight session, bias remains bearish.
The major was trading 0.09% lower on the day at 106.60 at around 05:20 GMT.
Broad-based US dollar weakness amid risk-off weighs on the pair. Republican leader’s comments challenging the US-China trade deal were the latest catalysts.
A drop in the rate of virus-led fatalities could help reset risk. While, holiday-thinned trading (Golden Week holiday period in Japan) could exaggerate price moves.
Analysis of GMMA indicator shows major and minor trend are bearish. Volatility is rising and upside remains capped below 5-DMA.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) to plummet prices. Price action hovers around 50% Fib. Drag till 61.8% Fib (105.20) likely.
Major Support Levels:
- S1: 106.44 (50% Fib)
- S2: 106
- S3: 105.20 (61.8% Fib)
Major Resistance Levels:
- R1: 106.79 (5-DMA)
- R2: 107.05 (200H MA)
- R3: 107.40 (21-EMA)
Summary: Major and minor trend are bearish, scope for further weakness. Focus on U.S. PMI data for further impetus.
