Chart - Courtesy Trading View
USD/JPY was trading 0.03% higher on the day at 135.26 at around 05:30 GMT.
The pair is hovering around 20-DMA support, consolidates break below 5-DMA.
BOJ’s ultra-loose monetary policy has weakened the yen bulls, keeping downside in the pair limited.
Poor performance of US ISM Manufacturing PMI kept the dollar depressed on Friday.
US ISM Manufacturing PMI printed at 53, lower than the expectations and the prior print of 54.9 and 56.1 respectively.
Market participants now await the release of the Federal Open Market Committee (FOMC) minutes for impetus.
USD/JPY has slipped below 200H MA. Bearish RSI divergence adds to the downside bias. MACD confirms bearish crossover on signal line.
Major Support Levels:
S1: 134.31 (21-EMA)
S2: 132.64 (Lower BB)
Major Resistance Levels:
R1: 135.77 (5-DMA)
R2: 137.20 (Upper BB)
Summary: USD/JPY bias remains bullish as long as pair holds above 21-EMA. Break below will change near-term dynamics.


FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro:USD/JPY hovers near a four-decade low
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 



