USD/JPY chart - Trading View
USD/JPY was trading marginally higher on the day at 108.94 at around 06:45 GMT.
The pair has held support at 21-EMA on Wednesday's trade, weakness only on break below.
FOMC minutes overnight highlighted concerns over the swiftness with which the coronavirus outbreak was harming the U.S. economy and disrupting financial markets.
The Fed reiterated that it would be appropriate to maintain rates at the current near-zero levels.
Fed Powell's speech and US jobs data will be watched for impetus ahead of the long weekend.
GMMA indicator shows major trend in the pair is neutral and minor trend is turning slightly bullish.
Daily cloud is stiff resistance. Break above could buoy prices. On the flipside, failure to hold above 200-DMA will negate any upside bias.
Major Support Levels - 108.54 (21-EMA), 108.33 (200-DMA), 107.69 (38.2% Fib)
Major Resistance Levels - 109.22 (23.6% Fib), 109.53 (Daily cloud), 109.66 (200W MA)


Geopolitical Shocks That Could Reshape Financial Markets in 2025
2025 Market Outlook: Key January Events to Watch
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro- Major European Indices
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro: AUD/USD slips amid wavering risk sentiment
Urban studies: Doing research when every city is different
FxWirePro- Major Pair levels and bias summary
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
FxWirePro- Woodies Pivot(Major)
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Stock Futures Dip as Investors Await Key Payrolls Data
Energy Sector Outlook 2025: AI's Role and Market Dynamics 



