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FxWirePro: USD/JPY holds marginal gains amid easing US-China trade tensions, intraday bias neutral

USD/JPY chart on Trading View used for analysis

  • USD/JPY is trading rangebound on the day at 113.46 at the time of writing.
     
  • The pair has held support at 5-DMA on Tuesday's trade and has edged higher.
     
  • Positive comments from Trump has boosted risk assets and helping the pair higher.
     
  • Trump said that he would intervene in the Huawei CFO case if it would help him reach a trade deal with China and boost national security. 
     
  • He said that negotiations are happening and expressed readiness to meet President Xi Jinping again if required.
     
  • The pair is trading with a neutral to slightly bullish bias on the daily charts.
     
  • Break below 5-DMA could see some weakness. Bullish invalidation below 110-EMA.
     
  • Continuation of bullish momentum will see test of 113.85 (trendline resistance).

Support levels - 113.10 (5-DMA), 112.27 (110-EMA)

Resistance levels - 113.85 (trendline resistance), 114

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 767797767797m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 767797767797m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 779617779617m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 767797767797m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 779617779617m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 767797767797m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767797767797m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767797767797m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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