JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision 
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds 
FxWirePro- Major Pair levels and bias summary 
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 
FxWirePro : GBP/NZD strongly bearish despite upside attempts 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
USD/JPY chart - Trading View
USD/JPY was trading 0.05% higher on the day at 108.41 at around 04:00 GMT, after closing 0.37% on Friday's trade.
The pair rallied to fresh multi-month tops above 108 handle on Friday, strong buying interest around USD remained unabated.
U.S. Nonfarm Payrolls rose by 379,000 in February, data published by the US Bureau of Labor Statistics showed on Friday.
Nonfarm Payrolls beat market expectation of 182,000 by a wide margin and the reading followed January's increase of 166,000 (revised from 49,000).
Further details of the report showed that the Unemployment Rate edged lower to 6.2% from 6.3% and the Labor Force Participation Rate stayed unchanged at 61.4%.
Finally, wage inflation, as measured by the Average Hourly Earnings, remained steady at 5.3% on a yearly basis.
Over the weekend, US President Joe Biden’s $1.9trn stimulus passed the Senate 50-49 and it will go to the House on Tuesday.
The safe-haven Japanese yen weighed down by expectations for a strong global economic recovery and the prevalent risk-on mood.
Major Support Levels:
S1: 108.13 (76.4% Fib)
S2: 107.92 (55-month EMA)
S3: 107.68 (5-DMA)
Major Resistance Levels:
R1: 108.99 (200W MA)
R2: 109.56 (76.4% Fib)
R3: 110 (Psychological mark)
Summary: USD/JPY trades with a strong bullish bias. The pair has edged above 55-month EMA and is on track to test 200W MA resistance at 108.99. Oscillators are at overbought zone, but do not show any signs of reversal. With no major data from the U.S. docket, focus will be on Japan Q4 GDP and risk catalysts to drive price action.
