Wall Street Analysts Weigh in on Latest NFP Data 
FxWirePro: USD/JPY edges up as yen dips after soft household spending data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead 
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High 
Stock Futures Dip as Investors Await Key Payrolls Data 
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
USD/JPY chart - Trading View
USD/JPY grinds lower for the 3rd straight session, bias remains bearish.
The major was trading 0.09% lower on the day at 106.60 at around 05:20 GMT.
Broad-based US dollar weakness amid risk-off weighs on the pair. Republican leader’s comments challenging the US-China trade deal were the latest catalysts.
A drop in the rate of virus-led fatalities could help reset risk. While, holiday-thinned trading (Golden Week holiday period in Japan) could exaggerate price moves.
Analysis of GMMA indicator shows major and minor trend are bearish. Volatility is rising and upside remains capped below 5-DMA.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) to plummet prices. Price action hovers around 50% Fib. Drag till 61.8% Fib (105.20) likely.
Major Support Levels:
- S1: 106.44 (50% Fib)
- S2: 106
- S3: 105.20 (61.8% Fib)
Major Resistance Levels:
- R1: 106.79 (5-DMA)
- R2: 107.05 (200H MA)
- R3: 107.40 (21-EMA)
Summary: Major and minor trend are bearish, scope for further weakness. Focus on U.S. PMI data for further impetus.
