Chart - Courtesy Trading View
USD/JPY was trading 0.19% higher on the day at 136.84 at around 11:40 GMT. The major was extending range trade for the 3rd straight session.
S&P500 futures seem to be under selling pressure again, portraying a rebound in the risk aversion theme.
US recession fears have spooked investors’ sentiment, weighing on the market sentiment.
After supportive data, higher interest rate guidance is expected from Fed chair Jerome Powell in December monetary policy meeting.
The 10-year US Treasury yields have slipped to near 3.45% as the risk-off is regaining traction.
Technical bias for the pair is neutral. Major weakness only below 200-DMA. 21-EMA at 139.08 is major resistance, decisive break above will see more upside.


FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 



