USD/JPY chart - Trading View
USD/JPY was trading 0.30% higher on the day at 103.99 at around 05:10 GMT, slightly lower from session highs at 104.08.
The pair has bounced off 21-EMA support and is testing resistance at 55-EMA at 104.02. Decisive break above will see further gains.
The risk barometer rises as markets prepare for US President-elect Joe Biden and virus woes recede amid vaccine optimism.
Yellen’s speech will be the key for markets. The ex-Fed Chair is up for her first Senate speech and her indirect support to Biden’s stimulus favors the risk-takers.
The pair finds series of resistances upto 104.65. Break above daily cloud will fuel upside. Next major bull target lies at 200-DMA at 105.79.
On the flipside, price action has bounced off 21-EMA support. Weakness only on break below. Major support aligns at 102.45 (trendline).


JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision 



