USD/JPY chart - Trading View
USD/JPY was extending gains above 104 handle and was trading 0.10% higher on the day at 104.12 at around 08:45 GMT.
The pair found support amid hopes of BOJ stimulus and improved risk-tone across markets.
BOJ is expected to stretch the corporate aid package by six months beyond the current deadline of March 2021.
Price action has bounced off trendline support at 103.50 and a 'Dragonfly Doji' formation on Monday's candle adds upside support.
Major trend in the pair is bearish. Upside is likely to be limited. Major resistance aligns at daily cloud at 105.06.
Decisive break above daily cloud will buoy bulls. Bearish invalidation only above 200-DMA.
