USD/JPY chart - Trading View
USD/JPY spirals higher for the 5th straight session, hits fresh 9-month high above 109 handle.
The pair continues unabated grind higher, breaks past stiff resistance at 200W MA.
Japanese yen shows weakness after Q4 GDP data showed that the economy shrank over the full year, its first contraction since 2009.
Japan's final Q4 GDP fell +2.8% Quarter-on-Quarter, revised lower from the preliminary reading of +3.0%. The reading compared to 5.3% in the prior quarter.
Elsewhere, Japan January household spending fell at fastest month-on-month pace since October 2019.
US 10-year Treasury yields snap four-day losing streak. While S&P 500 Futures add over half a percent.
USD/JPY if off intraday highs, but remains bullish despite overbought conditions. Pullbacks are likely to be shallow.
Bulls target 76.4% Fib at 109.56 ahead of 109.85 (June 5th high). Failure to hold above 200W MA dents upside potential.


FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro- Major Crypto levels and bias summary
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro : GBP/NZD strongly bearish despite upside attempts 



