USD/JPY chart - Trading View
USD/JPY grinds lower on the day, trades 0.13% lower at 106.82 at around 12:00 GMT.
The pair is on track to close in the red for the 2nd straight week after upside was rejected at 200W SMA.
Analysis of the GMMA indicator shows major and minor trend is strongly bearish. Momentum strongly bearish.
Price action is below major moving averages and volatility is rising. Scope for dip till 106.
No major economic data today. Traders await Fed Chair Jerome Powell's speech for further impetus.
