USD/JPY chart - Trading View
USD/JPY was trading 0.16% lower on the day at 107.71 at around 04:10 GMT, outlook bearish.
US dollar sell-off continues unabated, driving the pair lower. No respite from bears seen yet.
Japan government announced third emergency for Tokyo, Osaka, Kyoto and Hyogo on Sunday as the nation battles virus woes.
Market’s risk-off mood weighs on the upside. S&P 500 Futures extend mild losses while Japan’s Nikkei 225 drops by 0.45%.
On the data front, Japan’s Corporate Service Price Index for March came in as 0.7% YoY versus upwardly revised prior of 0.0%.
Technical bias for the pair remains strongly bearish. Stochs and RSI are sharply lower, Price action has slipped into daily cloud and volatility is rising.
The pair is on track to test 50% Fib retracement at 106.77. Retrace above cloud will negate any bearish bias.
Japan February’s Leading Economic Index and U.S. Durable Goods Orders for March will be in focus for fresh impetus.


FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: USD/ CNY remains soft ahead of Fed decision
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Woodies pivot (Major)
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Woodies pivot (Major)
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 



