USD/JPY chart - Trading View
USD/JPY was trading 0.16% higher on the day at 109.95 at around 04:50 GMT, outlook is bullish.
The pair bounced off session lows on Monday's trade and closed the day's trade with a Dragonfly Doji formation.
Price action is extending break above 200W MA and is on track to test month cloud resistance.
Speaking on the economic and monetary policy outlooks, BoJ's Kuroda said the impact of COVID-19 on Japan's economy to persist for prolonged period.
USD/JPY extends gains after Kuroda's comments, hits 12-month high just shy of 110 handle.
Technical bias is strongly bullish. The pair is extending gains above 55-month EMA. GMMA indicator shows major and minor trend are strongly bullish.
The major is extending gains for the 3rd straight month, MACD is showing a bullish crossover on signal line on the monthly charts.
Major trendline resistance is seen at 110 mark. Break above eyes next bull target lies at 88.6% Fib at 110.67.


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 



