Chart - Courtesy Trading View
USD/JPY was trading 0.67% lower on the day at 130.64 at around 05:50 GMT, fails to extend previous session's losses.
The Japanese yen led gains across Asian currencies on Tuesday, while the dollar retreated as traders grew less concerned over an imminent banking crisis.
Yen also benefitted from some consolidation of overseas profits by Japanese firms ahead of the end of Japan’s financial year on Friday.
On the other side, the US dollar Index remained on the defensive well below 103.00 ahead of key data.
Later in the day, US Conference Board Consumer Confidence index will take centre stage ahead of FHFA’s House Price Index, Advanced Goods Trade Balance and the first testimony by FOMC’s S.Barr.
Major Support Levels:
S1: 130.65 (Trendline support)
S2: 129.19 (Lower BB)
Major Resistance Levels:
R1: 131.02 (5-DMA)
R2: 132.81 (21-EMA)
Summary: USD/JPY pivotal at trendline support. Technical bias is bearish, break below will drag the pair lower.


FxWirePro: GBP/NZD gains some ground but outlook is bearish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro- Woodies pivot (Major)
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Pair levels and bias summary
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 



