USD/JPY chart - Trading View
USD/JPY was trading largely muted at around 104.49 at 05:20 GMT, with session high at 104.60 and low at 104.42.
The pair slipped lower in opening trade as positive news on Moderna's COVID-19 vaccine trial added boost for stock markets and weighed on the greenback.
On the data front, the New York Fed’s November Empire Manufacturing Index fell for the second consecutive month to 6.3 from 10.5.
Details of the report showed new orders fell back to 3.7 from 12.3 and shipments dropped sharply to a five-month low at 6.3 from 17.8.
The pair trades with a bearish bias. Major trend has been strongly bearish. Minor recovery attempts were capped at cloud and falling trendline.
Stochs and RSI are biased lower and upside remains capped at 20-DMA. Price action has slipped below 200H MA.
Scope for dip till 104 mark. Further weakness will see test of 103.18 (Nov Lows). 20-DMA is immediate resistance at 104.60. Bearish invalidation above daily cloud.


FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: AUD/USD dips below lower range, bearish bias increases
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro : GBP/NZD strongly bearish despite upside attempts
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



