USD/JPY chart - Trading View
USD/JPY extends previous session's bounce, was trading largely muted at 104.36 at around 06:25 GMT.
Powell and Mnuchin flash mixed signals overnight. Fed Chair Powell strikes downbeat comments, while US Treasury Secretary Mnuchin pushes for stimulus.
Concerns about US economic strength, stimulus weigh on the greenback. Upside in the pair looks limited.
Downside bias remains intact. The major finds stiff resistance at 21-EMA, decisive break above will be required for further upside.
Focus on US Manufacturing PMIs and Fed Chair Powell’s testimony for further impetus. ISM Manufacturing PMI is forecast to slip to 57.9 in November from its 25-month high of 59.3 in October.
Upbeat numbers could put a bid under the greenback. Breakout at 21-EMA will see gains till 55-EMA at 104.86.
Cloud is major hurdle at 105.52. Breakout above could will change near-term dynamics.


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Woodies pivot (Major)
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: GBP/USD rises as soft US data pressures dollar 



