USD/JPY chart - Trading View
USD/JPY was trading marginally higher at 109.13 at around 05:30 GMT, bulls hold-off from placing aggressive bets ahead of FOMC meet.
USD bulls ignore Tuesday's disappointing US monthly Retail Sales data, find support from elevated US Treasury bond yields.
Prospects for a relatively faster US economic recovery continued underpinning the US dollar.
Upbeat US economic outlook fuels speculations for a possible uptick in inflation, raising doubts that the Fed would retain ultra-low interest rates for a longer period.
At today's Federal Reserve meeting analysts expect the central bank to leave policy unchanged and acknowledge better conditions.
The bank's interest rate projections will be watched closely. Any stray dots may trigger knee-jerk market movements.
Indicators are bullishly aligned. Price action is consolidating above 200W MA. Retrace below could see some weakness.
Resistance on the upside lie at 109.56 (76.4% Fib), 110 (psychological mark) and 110.67 (88.6% Fib).


GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro- Major Crypto levels and bias summary 



