FxWirePro: USD/JPY rangebound below daily cloud, no clear directional bias
USD/JPY chart - Trading View
USD/JPY was trading rangebound at 107.56 at around 10:40 GMT, bias neutral.
Traders struggling with no clear directional bias. Virus headlines and Sino-American news will remain key catalysts amid a light economic calendar.
Upbeat US JOLTS Job Openings on Tuesday, 5.397M versus 4.85M expected, offered little support to the greenback.
US-China tussle remains with the recent announcement from US Secretary of State Mike Pompeo stating visa restrictions for some Chinese officials over Tibet.
China on the other hand keeps its hard stand against American and the UK when it comes to opposing the ban on Huawei and fighting against the Hong Kong security law demand.
Major and minor trend are neutral. Volatility is low and technical studies provide no clear directional bias.
Major Support - 107.24 (20-DMA)
Major Resistance - 108.36 (200-DMA)