FxWirePro: GBP/USD advances on steady UK GDP growth 
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes 
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next? 
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
ETHUSD Dip: Prime Buy Zone to $3600 Targets 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/AUD loses momentum but bullish setup remains 
FxWirePro: USD/JPY extends fall as yen rises on intervention fears 
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought 
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 
FxWirePro- Major Crypto levels and bias summary 
USD/JPY chart - Trading View
Spot Analysis:
USD/JPY was trading 0.08% higher on the day at 108.84 at around 04:20 GMT.
Previous Session's High/ Low: 109.30/ 108.74
Previous Week's High/ Low: 109.78/ 108.34
Fundamental Overview:
The Japanese Consumer Price dropped by 0.4% YoY in April. Price fell to 0.4% MoM, as the pandemic weighs on household spending.
Concerns of coronavirus infections and the warning from Bank of Japan Governor Haruhiko Kuroda keep the yen depressed and limit downside.
Traders shrug off inflationary fear and expectations of sooner Fed tightening. Fed officials restated that the economy is far from full recovery and downplayed inflation pressures to only be transitory.
US Treasury yields rose mildly on Friday, with the benchmark 10-year reaching 1.63%. DXY has slipped below 90 and was trading at 89.75 at around 04:50 GMT.
Technical Analysis:
USD/JPY trades with a bearish bias. Erases early gains and slips lower from session highs at 108.89.
Momentum studies are bearish, Stochs and RSI are sharply lower and RSI is below 50.
Price action has slipped below 200H MA and GMMA indicator shows bearish bias on the intraday charts.
Summary: USD/JPY pivotal at trendline support. Focus now on the release of US PMI data Existing Home Sales data to gauge the market sentiment. Break below trendline support will see dip till 38.2% Fib at 107.76.
