NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
JPY Action Bias: Bullish Pairs to Watch Out For 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD edges lower, remains on back foot 
GBPJPY Slips After Sterling Weakness, Bears Eye 216 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
Chart - Courtesy Trading View
USD/JPY was trading 0.19% higher on the day at 115.15 at around 04:05 GMT, erasing some of previous session's losses.
Market sentiment turns cautiously positive as investors cheer the news of a meeting hosted by US President Joe Biden with international leaders on the potential Russian invasion of Ukraine.
Investor sentiment improves on hopes for diplomacy in Ukraine. Demand for safe-haven Yen ebbs supporting the pair higher.
On the data front, US Initial Jobless Claims, published by the Department of Labor came in at 248k, well above the market estimates and previous print of 219k and 225k respectively.
Earlier on Friday, Japan reported a fifth straight month of inflation, with energy prices posting their biggest annual rise in 41 years.
St. Louis Fed president James Bullard on Thursday reiterated his call for the Fed funds rate to be raised to 1% by July to combat stubbornly high inflation.
Cleveland Fed President Loretta Mester said the pace of hikes will need to be faster than previous cycles. Hawkish Fed speak continues to boost dollar.
Major Support Levels:
S1: 115
S2: 114.64 (55-EMA)
Major Resistance Levels:
R1: 115.33 (5-DMA)
R2: 115.51 (200H MA)
Summary: USD/JPY pauses downside at daily cloud support. Major bias remains bullish. Bounce off cloud support will see upside resumption.
