USD/JPY chart - Trading View
Spot Analysis:
USD/JPY was trading 0.11% higher on the day at 108.86 at around 09:00 GMT
Previous Session's High/Low: 109.07/ 108.55
Previous Week's High/Low: 109.50/ 108.57
Fundamental Overview:
An modest uptick in the US Treasury bond yields extended some support to the US dollar
On the other side, risk-on mood undermined the safe-haven JPY aiding the intraday move up
That said, dovish Fed expectations keep the bulls from placing aggressive bets and hence limit gains
Technical Analysis:
- The major is extending choppy trade along 200-week MA
- Price action is grinding sideways above 55-EMA support
- Analysis of GMMA indicator shows major and minor trend are neutral
- Price action is within daily cloud and breakout will provide clear directional bias
Major Support and Resistance Levels:
Support - 108.52 (55-EMA), 108, 107.62 (110-EMA)
Resistance - 109 (200H MA), 109.21 (Cloud top), 110
Summary: USD/JPY trades with a neutral bias. Price action fails to extend break below trendline support. Doji limits downside. With no major data aligned for the day, risk catalysts to determine price action.


USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Woodies Pivot(Major)
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 



