USD/JPY chart - Trading View
USD/JPY was trading 0.09% lower on the day at 106.04 at around 03:50 GMT, scope for heading deeper into the supply zone.
The pair erased early gains in the Asian session, slipped lower from session highs at 106.43.
Early gains were led by selloff in US treasuries. Bonds yields spiked amid massive supply and expectations of rising inflation.
''The rise in treasury yields was led by a poor result in the 7-year Treasury note auction and expectations that the Fed may push forward rate hikes,'' noted analysts at Westpac.
That said, rising expectations that the Fed will have to start tapering sooner than preferred keep downside in the pair limited.
Major trend in USD/JPY continues to be bullish. Intraday bearish action is heading towards minor support at 200H MA at 105.66.
Bearish divergence on RSI keeps bias lower. Break below 200H MA could see test of 200-DMA at 105.47.


FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Crypto levels and bias summary
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro- Woodies pivot (Major)
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro : GBP/NZD strongly bearish despite upside attempts 



