FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro- Woodies pivot (Major) 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
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FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
USD/JPY chart - Trading View
Spot Analysis:
USD/JPY was trading 0.37% higher on the day at 111.39, outlook bullish
Previous Week's High/ Low: 110.79/ 109.12
Previous Session's High/ Low: 111.06/ 110.53
Fundamental Overview:
US dollar boosted on surging US Treasury yields after the Fed last week hinted that it will soon taper its asset purchases.
Investors now look forward to Fed Chair Jerome Powell’s testimony for fresh trading insights.
US Debt Limit looms. The House of Representatives are set to vote on a $1 trillion infrastructure bill this week.
The Sept. 30 deadline on funding federal agencies has the potential to force the second partial government shutdown in three years.
Technical Analysis:
- USD/JPY above cloud and major moving averages are trendline higher
- MACD confirms bullish crossover on signal line and ADX supports gains
- Momentum is bullish, Stochs and RSI are biased higher, volatility is high and rising
- Price action is above major moving averages and GMMA indicator shows minor trend is bullish
Major Support and Resistance Levels:
Support - 110.64 (5-DMA), Resistance - 113.02 (88.6% Fib)
Summary: USD/JPY extends bull run for the 5th straight session, bias is strongly bullish. Hawkish Fed speak to drive further gains. Scope for test of 113 levels.
