FxWirePro: USD/JPY eases back below 108 handle, focus on US Jobless Claims for further impetus

USD/JPY chart - Trading View 

USD/JPY was trading 0.35% higher on the day at 107.78 at around 08:20 GMT.

The pair has edged lower from session highs at 108.08, finds stiff resistance at 21-EMA at 108.18.

The major is extending gains for the second straight session on broad-based US dollar demand.

Persistent worries over the economic fallout from the coronavirus pandemic together with Wednesday's dismal US economic data likely to cap upside.

Technical indicators do not provide a clear directional bias. Retrace above 200-DMA could see upside resumption.

Focus on U.S. weekly jobless claims data due later in the U.S. session, which might influence the USD price dynamics.