USD/JPY chart - Trading View
USD/JPY was extending sideways grind for the second straight session, bias neutral.
The pair was holding above 5-DMA and was trading 0.04% higher on the day at 103.55 at around 04:15 GMT.
Major trend remains bearish. Upside remains capped below 21-EMA. Upside only on decisive break above.
Downward sloping moving averages in GMMA support weakness. RSI is flat below the 50 mark. Stochastics are biased higher keeping scope for some gains.
Markets risk barometer buoyed from the Brexit optimism as well as news concerning the US coronavirus (COVID-19) aid package.
US Democrats stay ready for $2,000 paycheck after President Trump rejected the Democratic Party's previous offer.
Technical studies do not show a clear directional bias. Minor upside likely, scope for gains upto 21-EMA.
