FxWirePro-Major European Indices 
EUR/JPY Powers Higher for 2nd Day — Bulls Charge Toward 187+ Breakout 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Wall Street Analysts Weigh in on Latest NFP Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Stock Futures Dip as Investors Await Key Payrolls Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
USD/JPY chart on Trading View used for analysis
- USD/JPY slips below 5-DMA support after the pair was rejected at 114 handle on Wednesday's trade.
- Fed Chair Powell's comments on the policy outlook weighed on the greenback, dragging the pair lower.
- Powell said that the policy rate was 'just below' their estimates of neutral and added that they were not on a pre-set policy rate path and they were paying very close attention to the data.
- "The Fed balancing risks of shortening expansion, on one hand, higher inflation and instability on the other," Powell stated.
- A more data dependent Fed will likely keep a close watch on the JP/US spread and its impact from the outcome of Xi/Trump summit.
- Technical indicators still hold upside bias. The pair is holding support at 21-EMA at 113.22.
- Break below 21-EMA will see further weakness. Dip till cloud top 112.67 likely.
Support levels - 113.22 (21-EMA), 112.67 (cloud top)
Resistance levels - 113.45 (5-DMA), 114 (trendline)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
